1,612 Hilton Worldwide Holdings Inc. $HLT Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 51.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,511 shares of the company’s stock after selling 1,612 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Hilton Worldwide were worth $481,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC bought a new position in shares of Hilton Worldwide in the second quarter valued at $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Hilton Worldwide in the second quarter worth about $26,000. Trust Co. of Vermont bought a new stake in Hilton Worldwide during the second quarter worth approximately $26,000. Elevation Wealth Partners LLC boosted its holdings in shares of Hilton Worldwide by 1,128.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock worth $28,000 after buying an additional 79 shares during the period. Finally, Wilkerson Advisory Group LLC boosted its holdings in shares of Hilton Worldwide by 163.2% during the 1st quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock worth $30,000 after buying an additional 62 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $376.50 on Thursday. The firm’s 50 day moving average price is $327.39 and its two-hundred day moving average price is $321.77. Hilton Worldwide Holdings Inc. has a 52-week low of $257.04 and a 52-week high of $377.76. The stock has a market cap of $83.77 billion, a PE ratio of 50.88, a PEG ratio of 2.85 and a beta of 1.08.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the business posted $2.11 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 9.17 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, December 1st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is presently 8.11%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HLT shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $390.00 target price on shares of Hilton Worldwide in a report on Wednesday, October 28th. Evercore upgraded Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research note on Tuesday, July 21st. Freedom Broker started coverage on Hilton Worldwide in a research report on Wednesday, October 14th. They set a “buy” rating and a $359.00 price objective for the company. China Intl Cap upgraded Hilton Worldwide to a “strong-buy” rating in a research note on Wednesday, August 12th. Finally, Barclays lowered their target price on Hilton Worldwide from $384.00 to $375.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Hilton Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $365.08.

Insiders Place Their Bets

In related news, insider Kevin J. Jacobs sold 151,050 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $356.19, for a total transaction of $53,802,499.50. Following the transaction, the insider owned 293,758 shares of the company’s stock, valued at $104,633,662.02. This trade represents a 33.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura Fuentes sold 7,289 shares of Hilton Worldwide stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $309.81, for a total transaction of $2,258,205.09. Following the transaction, the insider directly owned 33,458 shares in the company, valued at $10,365,622.98. The trade was a 17.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 158,778 shares of company stock worth $56,196,944. Insiders own 2.70% of the company’s stock.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.