Hilton Worldwide Holdings Inc. (NYSE:HLT) Insider Laura Fuentes Sells 4,919 Shares

Hilton Worldwide Holdings Inc. (NYSE:HLT) insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $220.98 on Thursday. Hilton Worldwide Holdings Inc. has a one year low of $146.00 and a one year high of $229.03. The company has a 50-day simple moving average of $214.68 and a 200-day simple moving average of $209.67. The firm has a market capitalization of $55.26 billion, a P/E ratio of 48.04, a P/E/G ratio of 2.32 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share 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 the consensus estimate 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 revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 EPS. As a group, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Institutional Investors Weigh In On Hilton Worldwide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of Hilton Worldwide by 2.1% in the second quarter. Principal Financial Group Inc. now owns 9,326,879 shares of the company’s stock valued at $2,035,125,000 after buying an additional 190,429 shares during the period. JPMorgan Chase & Co. lifted its holdings in Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after acquiring an additional 761,104 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Hilton Worldwide by 36.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after purchasing an additional 1,282,676 shares in the last quarter. Putnam Investments LLC grew its stake in shares of Hilton Worldwide by 6.0% in the 4th quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock worth $696,680,000 after purchasing an additional 216,219 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after purchasing an additional 1,246,662 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HLT shares. JPMorgan Chase & Co. raised 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. Macquarie boosted their target price 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. Susquehanna initiated coverage on shares of Hilton Worldwide in a research report on Friday, June 21st. They set a “neutral” rating and a $215.00 price target on the stock. Robert W. Baird lowered their price objective on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Truist Financial cut their price objective on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $213.95.

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.