Amalgamated Bank Cuts Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Amalgamated Bank lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,987 shares of the company’s stock after selling 1,534 shares during the period. Amalgamated Bank’s holdings in Hilton Worldwide were worth $11,344,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Independence Bank of Kentucky raised 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 valued at $27,000 after acquiring an additional 50 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in Hilton Worldwide during the 4th quarter worth about $28,000. Raleigh Capital Management Inc. raised its position in Hilton Worldwide by 48.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after purchasing an additional 56 shares in the last quarter. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide during the second quarter worth about $33,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of Hilton Worldwide during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction 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. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Truist Financial dropped their target price on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Macquarie lifted their price target on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group initiated coverage on Hilton Worldwide in a report on Wednesday. They issued a “buy” rating and a $245.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $213.95.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $220.98 on Thursday. The firm’s fifty day simple moving average is $214.68 and its 200-day simple moving average is $209.67. Hilton Worldwide Holdings Inc. has a 12 month low of $146.00 and a 12 month high of $229.03. The stock has a market capitalization of $55.26 billion, a price-to-earnings ratio of 48.04, a PEG ratio of 2.32 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating 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 analyst estimates of $2.90 billion. During the same period in the previous year, the business posted $1.63 earnings per share. Hilton Worldwide’s quarterly revenue was up 10.9% on a year-over-year basis. Analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. Hilton Worldwide’s payout ratio is 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.