U S Global Investors Inc. Invests $2.01 Million in Hilton Worldwide Holdings Inc. (NYSE:HLT)

U S Global Investors Inc. bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,700 shares of the company's stock, valued at approximately $2,005,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Independence Bank of Kentucky lifted its position in 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 purchasing an additional 50 shares during the period. EdgeRock Capital LLC acquired a new stake in shares of Hilton Worldwide during the 2nd quarter valued at about $33,000. Pinnacle Bancorp Inc. bought a new stake in Hilton Worldwide in the first quarter valued at about $34,000. Manchester Capital Management LLC lifted its stake in Hilton Worldwide by 247.8% during the first quarter. Manchester Capital Management LLC now owns 160 shares of the company's stock worth $34,000 after purchasing an additional 114 shares during the period. Finally, NewSquare Capital LLC acquired a new stake in Hilton Worldwide during the second quarter valued at approximately $37,000. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Trading Up 0.5 %

Shares of Hilton Worldwide stock traded up $1.07 during trading on Tuesday, reaching $238.02. The stock had a trading volume of 1,842,614 shares, compared to its average volume of 1,559,707. The company has a market capitalization of $59.52 billion, a price-to-earnings ratio of 51.88, a P/E/G ratio of 2.60 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 52 week low of $146.36 and a 52 week high of $240.00. The stock has a fifty day moving average price of $223.34 and a two-hundred day moving average price of $213.62.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly 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 firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company's revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 EPS. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced 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 dividend yield of 0.25%. Hilton Worldwide's dividend payout ratio is presently 13.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HLT shares. Barclays raised their target price on Hilton Worldwide from $224.00 to $244.00 and gave the stock an "overweight" rating in a research report on Friday. Evercore ISI lifted their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an "in-line" rating in a report on Monday. Truist Financial decreased their price objective on shares of Hilton Worldwide from $209.00 to $208.00 and set a "hold" rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company lifted their target price on shares of Hilton Worldwide from $200.00 to $237.00 and gave the company an "equal weight" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on Hilton Worldwide from $200.00 to $216.00 and gave the company a "neutral" rating in a report on Friday, July 19th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $221.42.

Insider Buying and Selling

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 value of $1,067,423.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is owned by corporate insiders.

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.