Holderness Investments Co. Acquires 60 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Holderness Investments Co. boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,205 shares of the company’s stock after acquiring an additional 60 shares during the period. Holderness Investments Co.’s holdings in Hilton Worldwide were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. ProShare Advisors LLC raised its position in shares of Hilton Worldwide by 6.7% in the second quarter. ProShare Advisors LLC now owns 34,145 shares of the company’s stock valued at $7,450,000 after buying an additional 2,137 shares in the last quarter. Hancock Whitney Corp increased its stake in Hilton Worldwide by 0.6% during the 2nd quarter. Hancock Whitney Corp now owns 10,460 shares of the company’s stock worth $2,282,000 after acquiring an additional 64 shares during the period. Legacy Financial Advisors Inc. acquired a new position in Hilton Worldwide in the 2nd quarter valued at $213,000. Thrivent Financial for Lutherans lifted its position in shares of Hilton Worldwide by 0.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 217,526 shares of the company’s stock valued at $47,464,000 after acquiring an additional 833 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Hilton Worldwide by 13.0% during the 2nd quarter. Sei Investments Co. now owns 299,820 shares of the company’s stock worth $65,419,000 after purchasing an additional 34,554 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,460,933. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Stock Down 0.4 %

NYSE HLT opened at $224.64 on Monday. The company has a market capitalization of $56.17 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 2.32 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a twelve month low of $146.00 and a twelve month high of $229.03. The stock has a fifty day simple moving average of $214.93 and a 200 day simple moving average of $210.02.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The company had revenue of $2.95 billion for 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%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 earnings per share. Research analysts expect 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 will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HLT shares. Macquarie upped their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Bank of America increased their price target on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Barclays lowered their price objective on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group started coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They set a “buy” rating and a $245.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $213.95.

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.