Verus Capital Partners LLC Invests $222,000 in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Verus Capital Partners LLC acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 965 shares of the company’s stock, valued at approximately $222,000.

Several other large investors also recently bought and sold shares of HLT. GHP Investment Advisors Inc. purchased a new stake in shares of Hilton Worldwide in the 3rd quarter valued at approximately $25,000. EdgeRock Capital LLC purchased a new position in shares of Hilton Worldwide in the 2nd quarter valued at $33,000. NewSquare Capital LLC purchased a new position in Hilton Worldwide during the 2nd quarter worth $37,000. Family Firm Inc. purchased a new position in Hilton Worldwide during the 2nd quarter worth $38,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Hilton Worldwide in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HLT shares. Macquarie raised their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Wells Fargo & Company lowered their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Mizuho boosted their target price on shares of Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Evercore ISI boosted their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $228.71.

Hilton Worldwide Stock Up 0.8 %

NYSE:HLT opened at $252.65 on Thursday. The stock’s 50-day simple moving average is $231.41 and its 200 day simple moving average is $217.68. The firm has a market capitalization of $61.59 billion, a PE ratio of 54.22, a price-to-earnings-growth ratio of 3.15 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a twelve month low of $164.25 and a twelve month high of $254.06.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 earnings per share. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. Hilton Worldwide’s payout ratio is presently 12.88%.

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 economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.