Contravisory Investment Management Inc. Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Contravisory Investment Management Inc. bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,144 shares of the company's stock, valued at approximately $494,000.

Several other hedge funds have also added to or reduced their stakes in the business. Independence Bank of Kentucky raised its holdings in Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company's stock worth $27,000 after purchasing an additional 50 shares during the last quarter. EdgeRock Capital LLC bought a new position in Hilton Worldwide during the 2nd quarter worth approximately $33,000. Pinnacle Bancorp Inc. bought a new position in Hilton Worldwide during the 1st quarter worth approximately $34,000. Manchester Capital Management LLC increased its stake in shares of Hilton Worldwide by 247.8% in the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company's stock valued at $34,000 after acquiring an additional 114 shares in the last quarter. Finally, NewSquare Capital LLC bought a new stake in shares of Hilton Worldwide in the 2nd quarter valued at $37,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the company's 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 transaction, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. This 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 accessible through this link. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Trading Up 0.9 %

Shares of HLT stock traded up $2.18 during trading on Friday, hitting $238.13. The company's stock had a trading volume of 889,946 shares, compared to its average volume of 1,570,491. The company has a market cap of $58.68 billion, a PE ratio of 50.45, a P/E/G ratio of 2.60 and a beta of 1.31. The business has a fifty day moving average of $218.74 and a 200-day moving average of $212.34. Hilton Worldwide Holdings Inc. has a 52 week low of $146.36 and a 52 week high of $239.25.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. Hilton Worldwide's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 earnings per share. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 23rd were paid a $0.15 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.60 annualized dividend and a yield of 0.25%. Hilton Worldwide's payout ratio is 12.71%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Macquarie lifted 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. Truist Financial lowered their price objective on shares of Hilton Worldwide from $209.00 to $208.00 and set a "hold" rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They set a "buy" rating and a $245.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a "hold" rating on the stock in a report on Thursday, August 8th. Finally, Susquehanna initiated coverage on Hilton Worldwide in a research note on Friday, June 21st. They set a "neutral" rating and a $215.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hilton Worldwide has a consensus rating of "Moderate Buy" and an average price target of $213.95.

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.