McElhenny Sheffield Capital Management LLC Takes $610,000 Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,648 shares of the company's stock, valued at approximately $610,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Independence Bank of Kentucky grew its stake in shares of Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company's stock worth $27,000 after acquiring an additional 50 shares during the period. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide in the second quarter worth approximately $33,000. Pinnacle Bancorp Inc. bought a new stake in shares of Hilton Worldwide in the first quarter worth approximately $34,000. Manchester Capital Management LLC grew its stake in shares of Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company's stock worth $34,000 after acquiring an additional 114 shares during the period. Finally, NewSquare Capital LLC bought a new stake in Hilton Worldwide during the second quarter valued at approximately $37,000. 95.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares in the company, valued at $3,460,933. 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 through this link. 2.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HLT has been the subject of a number of research reports. 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. Macquarie upped their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. Robert W. Baird set a $235.00 price target on shares of Hilton Worldwide in a research report on Thursday. The Goldman Sachs Group assumed coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They issued a "buy" rating and a $245.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a "neutral" rating in a research report on Friday, July 19th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Hilton Worldwide has a consensus rating of "Hold" and an average target price of $219.47.

Hilton Worldwide Stock Performance

HLT stock traded down $1.78 during trading on Monday, hitting $237.03. 1,141,352 shares of the company's stock traded hands, compared to its average volume of 1,558,314. Hilton Worldwide Holdings Inc. has a 52 week low of $146.36 and a 52 week high of $240.00. The business has a fifty day simple moving average of $223.34 and a 200 day simple moving average of $213.62. The stock has a market capitalization of $59.27 billion, a price-to-earnings ratio of 51.53, a P/E/G ratio of 2.60 and a beta of 1.31.

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

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.60 annualized dividend and a yield of 0.25%. Hilton Worldwide's dividend payout ratio (DPR) is currently 13.04%.

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.