Patton Albertson Miller Group LLC Purchases New Shares in Hilton Worldwide Holdings Inc. $HLT

Patton Albertson Miller Group LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,712 shares of the company’s stock, valued at approximately $1,181,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC purchased a new position in shares of Hilton Worldwide during the 2nd quarter worth $25,000. Trust Co. of Vermont purchased a new stake in Hilton Worldwide in the 2nd quarter valued at about $26,000. IMG Wealth Management Inc. purchased a new stake in Hilton Worldwide in the 2nd quarter valued at about $26,000. Elevation Wealth Partners LLC lifted its position in Hilton Worldwide by 1,128.6% in the second quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock valued at $28,000 after buying an additional 79 shares during the last quarter. Finally, Continuum Advisory LLC acquired a new position in Hilton Worldwide in the second quarter valued at about $31,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hilton Worldwide

In related 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 transaction of $2,258,205.09. Following the completion of the sale, the insider owned 33,458 shares in the company, valued at $10,365,622.98. This represents a 17.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chris Carr sold 439 shares of the 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 sale, the director owned 8,252 shares of the company’s stock, valued at approximately $2,560,925.68. This represents a 5.05% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HLT shares. Barclays raised their price target on Hilton Worldwide from $368.00 to $384.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $365.00 to $387.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Weiss Ratings cut Hilton Worldwide from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. China Intl Cap upgraded Hilton Worldwide to a “strong-buy” rating in a report on Wednesday, August 12th. Finally, CICC Research began coverage on Hilton Worldwide in a research report on Wednesday, August 12th. They issued an “outperform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $356.65.

Hilton Worldwide Stock Up 0.5%

HLT opened at $351.50 on Tuesday. Hilton Worldwide Holdings Inc. has a 52 week low of $253.54 and a 52 week high of $364.50. The business’s 50 day moving average is $322.75 and its two-hundred day moving average is $319.39. The firm has a market cap of $79.11 billion, a price-to-earnings ratio of 51.62, a price-to-earnings-growth ratio of 2.82 and a beta of 1.10.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $3.32 billion. Hilton Worldwide had a negative return on equity of 35.24% and a net margin of 12.69%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 earnings per share. Equities analysts expect that Hilton Worldwide Holdings Inc. will post 9.08 EPS for the current fiscal year.

Hilton Worldwide 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.