Verus Capital Partners LLC Acquires Shares of 965 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Verus Capital Partners LLC bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the third quarter, HoldingsChannel.com reports. The fund bought 965 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds have also recently modified their holdings of HLT. GSA Capital Partners LLP purchased a new stake in shares of Hilton Worldwide during the 3rd quarter valued at $226,000. Venturi Wealth Management LLC raised its stake in Hilton Worldwide by 59.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 539 shares of the company’s stock worth $124,000 after acquiring an additional 202 shares during the last quarter. Chartwell Investment Partners LLC raised its stake in Hilton Worldwide by 35.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 28,756 shares of the company’s stock worth $6,628,000 after acquiring an additional 7,583 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Hilton Worldwide during the 3rd quarter worth about $38,000. Finally, Sustainable Insight Capital Management LLC grew its position in shares of Hilton Worldwide by 19.0% during the 3rd quarter. Sustainable Insight Capital Management LLC now owns 21,900 shares of the company’s stock valued at $5,048,000 after acquiring an additional 3,500 shares during the period. Institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling

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

Hilton Worldwide Trading Up 0.8 %

NYSE HLT opened at $252.65 on Thursday. Hilton Worldwide Holdings Inc. has a 1 year low of $164.25 and a 1 year high of $254.06. The company has a fifty day simple moving average of $231.41 and a 200 day simple moving average of $217.68. The company has a market cap of $61.59 billion, a P/E ratio of 54.22, a P/E/G ratio of 3.15 and a beta of 1.30.

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

Hilton Worldwide Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on HLT shares. Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Bank of America lifted their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Robert W. Baird boosted their target price on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays reduced their price target on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Finally, Evercore ISI upped their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and an average price target of $228.71.

Hilton Worldwide Profile

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.