Moody National Bank Trust Division Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Moody National Bank Trust Division acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,068 shares of the company’s stock, valued at approximately $342,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Covestor Ltd purchased a new position in Hilton Worldwide during the 4th quarter worth $25,000. Mystic Asset Management Inc. purchased a new position in Hilton Worldwide during the 4th quarter worth $26,000. Riverview Trust Co purchased a new position in Hilton Worldwide during the 1st quarter worth $34,000. Vigilant Capital Management LLC purchased a new position in Hilton Worldwide during the 2nd quarter worth $48,000. Finally, Parkside Financial Bank & Trust grew its position in Hilton Worldwide by 34.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 366 shares of the company’s stock worth $57,000 after purchasing an additional 94 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hilton Worldwide

In related news, insider Matthew W. Schuyler sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $120.00, for a total value of $360,000.00. Following the completion of the sale, the insider now directly owns 253,714 shares in the company, valued at $30,445,680. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.40% of the company’s stock.

Hilton Worldwide Price Performance

Shares of NYSE HLT opened at $132.30 on Tuesday. The company has a market cap of $36.29 billion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 0.58 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 12 month low of $108.41 and a 12 month high of $167.99. The company has a 50-day simple moving average of $128.62 and a 200-day simple moving average of $135.05.

Hilton Worldwide (NYSE:HLTGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.24. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.10 billion. Hilton Worldwide had a net margin of 12.83% and a negative return on equity of 114.54%. The company’s quarterly revenue was up 68.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 earnings per share. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 4.39 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, August 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.45%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 17.39%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HLT. Cowen lowered their target price on shares of Hilton Worldwide to $130.00 in a report on Friday, July 22nd. Evercore ISI raised shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $150.00 in a report on Monday, July 11th. UBS Group lifted their target price on shares of Hilton Worldwide from $157.00 to $159.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Hilton Worldwide from $141.00 to $120.00 in a report on Thursday, July 28th. Finally, Barclays initiated coverage on shares of Hilton Worldwide in a report on Tuesday, June 28th. They issued an “equal weight” rating and a $125.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $151.06.

Hilton Worldwide Profile

(Get Rating)

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

Further Reading

Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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