Hilton Worldwide Holdings Inc. (NYSE:HLT) Director Douglas M. Steenland Acquires 695 Shares of Stock

Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) Director Douglas M. Steenland purchased 695 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was acquired at an average price of $143.73 per share, with a total value of $99,892.35. Following the completion of the transaction, the director now owns 26,194 shares of the company’s stock, valued at approximately $3,764,863.62. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hilton Worldwide Stock Down 0.4 %

Shares of HLT opened at $143.55 on Tuesday. Hilton Worldwide Holdings Inc. has a 12-month low of $108.41 and a 12-month high of $152.89. The business has a 50-day simple moving average of $141.61 and a two-hundred day simple moving average of $139.60. The stock has a market cap of $37.99 billion, a PE ratio of 31.48, a PEG ratio of 0.64 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT – Get Rating) last issued its earnings results on Wednesday, April 26th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.10. Hilton Worldwide had a negative return on equity of 141.34% and a net margin of 13.36%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. On average, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 5.86 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, May 19th will be given a $0.15 dividend. The ex-dividend date is Thursday, May 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.16%.

Institutional Investors Weigh In On Hilton Worldwide

A number of institutional investors have recently made changes to their positions in HLT. Concord Wealth Partners bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $28,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Hilton Worldwide by 85.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 252 shares of the company’s stock valued at $32,000 after purchasing an additional 116 shares in the last quarter. Clear Street Markets LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $34,000. BOKF NA bought a new stake in shares of Hilton Worldwide during the 1st quarter valued at about $34,000. Finally, VitalStone Financial LLC boosted its position in shares of Hilton Worldwide by 115.4% during the 1st quarter. VitalStone Financial LLC now owns 224 shares of the company’s stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HLT. BMO Capital Markets lifted their price target on shares of Hilton Worldwide from $145.00 to $150.00 and gave the company a “market perform” rating in a research report on Friday, February 10th. Truist Financial boosted their price objective on shares of Hilton Worldwide from $160.00 to $165.00 in a research report on Thursday, April 27th. Barclays lowered their price objective on shares of Hilton Worldwide from $168.00 to $166.00 in a research report on Thursday, April 27th. Morgan Stanley lowered their price objective on shares of Hilton Worldwide from $171.00 to $167.00 and set an “overweight” rating for the company in a research report on Tuesday, February 7th. Finally, Argus lowered their price objective on shares of Hilton Worldwide from $170.00 to $162.00 in a research report on Thursday, April 27th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.81.

About Hilton Worldwide

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Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management and Franchise segment operates hotels of third-party owners.