FSM Wealth Advisors LLC Buys Shares of 1,613 Hilton Worldwide Holdings Inc. (NYSE:HLT)

FSM Wealth Advisors LLC purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,613 shares of the company’s stock, valued at approximately $245,000.

Other hedge funds also recently modified their holdings of the company. Atria Investments Inc increased its position in shares of Hilton Worldwide by 69.9% during the 1st 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 during the period. Sequoia Financial Advisors LLC increased its position in shares of 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 purchasing an additional 1,966 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in shares of Hilton Worldwide during the 1st quarter valued at $95,000. FMR LLC increased its position 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 valued at $1,623,731,000 after purchasing an additional 1,203,233 shares during the period. Finally, Beck Mack & Oliver LLC grew its holdings in shares of Hilton Worldwide by 2.0% in the 1st quarter. Beck Mack & Oliver LLC now owns 353,832 shares of the company’s stock worth $49,844,000 after acquiring an additional 6,970 shares during the last quarter. 94.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hilton Worldwide

In related news, insider Kristin Ann Campbell sold 8,286 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $154.03, for a total transaction of $1,276,292.58. Following the transaction, the insider now directly owns 230,097 shares in the company, valued at $35,441,840.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock traded down $0.29 during trading on Monday, reaching $154.12. The company’s stock had a trading volume of 342,819 shares, compared to its average volume of 1,691,508. The business’s fifty day moving average price is $151.61 and its 200-day moving average price is $145.27. The firm has a market cap of $40.30 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 1.51 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a one year low of $116.39 and a one year high of $157.14.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.05. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Hilton Worldwide had a negative return on equity of 128.71% and a net margin of 13.23%. The firm’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 earnings per share. Sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 6.05 EPS for the current year.

Hilton Worldwide Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HLT shares. Robert W. Baird lifted their target price on Hilton Worldwide from $160.00 to $164.00 in a report on Thursday, July 27th. Sanford C. Bernstein lifted their target price on Hilton Worldwide from $152.00 to $161.00 and gave the stock a “market perform” rating in a report on Monday, August 14th. Morgan Stanley lowered their price target on Hilton Worldwide from $166.00 to $163.00 in a report on Tuesday, June 27th. TD Cowen lifted their price target on Hilton Worldwide from $148.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, September 12th. Finally, StockNews.com initiated coverage on Hilton Worldwide in a report on Thursday, August 17th. They set a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.