Provenance Wealth Advisors LLC Purchases 1,654 Shares of Hilton Worldwide Holdings Inc. $HLT

Provenance Wealth Advisors LLC grew its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 55,133.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,657 shares of the company’s stock after purchasing an additional 1,654 shares during the period. Provenance Wealth Advisors LLC’s holdings in Hilton Worldwide were worth $527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Hilton Worldwide in the second quarter worth about $6,271,258,000. Bank of America Corp DE raised its holdings in Hilton Worldwide by 0.7% during the 1st quarter. Bank of America Corp DE now owns 5,946,576 shares of the company’s stock worth $1,808,235,000 after purchasing an additional 40,343 shares during the last quarter. Janus Henderson Group PLC lifted its position in Hilton Worldwide by 13.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,043,316 shares of the company’s stock valued at $603,733,000 after purchasing an additional 242,916 shares during the period. Jupiter Topco LLC acquired a new position in Hilton Worldwide during the 2nd quarter valued at about $663,882,000. Finally, Amundi boosted its stake in shares of Hilton Worldwide by 2.7% in the 2nd quarter. Amundi now owns 1,374,729 shares of the company’s stock valued at $454,293,000 after purchasing an additional 36,303 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on HLT shares. The Goldman Sachs Group reiterated a “buy” rating and set a $390.00 price target on shares of Hilton Worldwide in a research report on Wednesday, October 28th. China Intl Cap raised shares of Hilton Worldwide to a “strong-buy” rating in a research note on Wednesday, August 12th. Mizuho upgraded shares of Hilton Worldwide from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $329.00 to $421.00 in a report on Thursday, October 29th. TD Cowen raised shares of Hilton Worldwide to a “strong-buy” rating in a research note on Tuesday, September 8th. Finally, Freedom Broker initiated coverage on shares of Hilton Worldwide in a report on Wednesday, October 14th. They set a “buy” rating and a $359.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and an average price target of $365.08.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 7,289 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $309.81, for a total value of $2,258,205.09. Following the sale, the insider directly owned 33,458 shares in the company, valued at approximately $10,365,622.98. This trade represents a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Chris Carr sold 439 shares of Hilton Worldwide stock in a transaction on Monday, September 14th. The stock was sold at an average price of $310.34, for a total transaction of $136,239.26. Following the transaction, the director directly owned 8,252 shares in the company, valued at approximately $2,560,925.68. This represents a 5.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 158,778 shares of company stock worth $56,196,944. 2.70% of the stock is currently owned by company insiders.

Hilton Worldwide Trading Down 1.8%

Shares of HLT opened at $369.64 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $263.66 and a 1 year high of $381.34. The stock has a market cap of $82.24 billion, a P/E ratio of 49.95, a price-to-earnings-growth ratio of 2.95 and a beta of 1.08. The stock’s 50-day moving average price is $328.13 and its two-hundred day moving average price is $322.12.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $3.37 billion. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.11 EPS. As a group, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 9.17 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.11%.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.