OneAscent Wealth Management LLC Raises Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

OneAscent Wealth Management LLC lifted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,536 shares of the company’s stock after purchasing an additional 268 shares during the period. OneAscent Wealth Management LLC’s holdings in Hilton Worldwide were worth $369,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HLT. Atria Investments Inc boosted its stake in shares of Hilton Worldwide by 69.9% during the first quarter. Atria Investments Inc now owns 21,040 shares of the company’s stock valued at $2,964,000 after purchasing an additional 8,653 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Hilton Worldwide by 77.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,517 shares of the company’s stock valued at $571,000 after acquiring an additional 1,966 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Hilton Worldwide in the 1st quarter worth $95,000. FMR LLC lifted its stake in shares of Hilton Worldwide by 11.7% during the 1st quarter. FMR LLC now owns 11,526,447 shares of the company’s stock worth $1,623,731,000 after purchasing an additional 1,203,233 shares during the last quarter. Finally, Beck Mack & Oliver LLC boosted its position in Hilton Worldwide by 2.0% during the first quarter. Beck Mack & Oliver LLC now owns 353,832 shares of the company’s stock valued at $49,844,000 after purchasing an additional 6,970 shares in the last quarter. 94.71% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Down 1.1 %

Shares of HLT stock traded down $1.74 during trading hours on Friday, hitting $154.41. The company’s stock had a trading volume of 2,785,225 shares, compared to its average volume of 1,699,261. The stock has a market cap of $40.38 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 1.48 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 12-month low of $116.39 and a 12-month high of $157.14. The company has a 50 day moving average of $151.49 and a 200 day moving average of $145.20.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.05. Hilton Worldwide had a negative return on equity of 128.71% and a net margin of 13.23%. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm earned $1.29 EPS. The firm’s revenue for the quarter was up 18.8% compared to the same quarter last year. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 6.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, August 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hilton Worldwide’s payout ratio is 12.53%.

Insider Activity

In related news, insider Kristin Ann Campbell sold 8,286 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $154.03, for a total transaction of $1,276,292.58. Following the sale, the insider now owns 230,097 shares in the company, valued at $35,441,840.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HLT shares. Barclays increased their price target on shares of Hilton Worldwide from $166.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, July 21st. Sanford C. Bernstein increased their target price on shares of Hilton Worldwide from $152.00 to $161.00 and gave the company a “market perform” rating in a research report on Monday, August 14th. Wells Fargo & Company lifted their price target on shares of Hilton Worldwide from $151.00 to $161.00 and gave the stock an “equal weight” rating in a report on Friday, July 21st. Morgan Stanley decreased their price objective on Hilton Worldwide from $166.00 to $163.00 in a report on Tuesday, June 27th. Finally, Robert W. Baird boosted their target price on Hilton Worldwide from $160.00 to $164.00 in a research note on Thursday, July 27th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Hold” and a consensus price target of $156.29.

About Hilton Worldwide

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing 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 luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.