Allspring Global Investments Holdings LLC Boosts Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Allspring Global Investments Holdings LLC lifted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 17.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,325 shares of the company’s stock after buying an additional 18,911 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hilton Worldwide were worth $29,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in HLT. Wealthcare Advisory Partners LLC purchased a new stake in Hilton Worldwide in the first quarter valued at $257,000. Wealth Enhancement Advisory Services LLC raised its holdings in Hilton Worldwide by 2.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,085 shares of the company’s stock valued at $1,725,000 after buying an additional 207 shares during the period. 180 Wealth Advisors LLC lifted its position in Hilton Worldwide by 2.4% in the first quarter. 180 Wealth Advisors LLC now owns 3,547 shares of the company’s stock valued at $757,000 after buying an additional 84 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new position in Hilton Worldwide during the first quarter worth about $34,000. Finally, Independence Bank of Kentucky increased its position in shares of Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 50 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on HLT. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research report on Monday. Wells Fargo & Company increased their target price on Hilton Worldwide from $200.00 to $237.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Evercore ISI raised their target price on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a report on Monday. Finally, Barclays increased their price target on shares of Hilton Worldwide from $224.00 to $244.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $221.42.

Hilton Worldwide Stock Performance

HLT opened at $233.53 on Thursday. The business’s 50-day simple moving average is $224.51 and its 200-day simple moving average is $213.94. The company has a market cap of $58.39 billion, a P/E ratio of 50.77, a PEG ratio of 2.60 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a one year low of $147.58 and a one year high of $240.00.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the company earned $1.63 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, analysts predict that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Friday, August 23rd. Hilton Worldwide’s payout ratio is 13.04%.

Insider Transactions at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

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.