Thrivent Financial for Lutherans Has $47.46 Million Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Thrivent Financial for Lutherans grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,526 shares of the company’s stock after purchasing an additional 833 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of Hilton Worldwide worth $47,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sei Investments Co. raised its holdings in shares of Hilton Worldwide by 13.0% in the second quarter. Sei Investments Co. now owns 299,820 shares of the company’s stock valued at $65,419,000 after purchasing an additional 34,554 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Hilton Worldwide by 5.5% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 193,039 shares of the company’s stock valued at $42,121,000 after purchasing an additional 9,993 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Hilton Worldwide by 41.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,150 shares of the company’s stock worth $469,000 after buying an additional 632 shares during the last quarter. Brighton Jones LLC acquired a new position in Hilton Worldwide during the second quarter worth $245,000. Finally, Intech Investment Management LLC increased its holdings in Hilton Worldwide by 22.8% during the second quarter. Intech Investment Management LLC now owns 27,618 shares of the company’s stock worth $6,026,000 after buying an additional 5,122 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were 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 owns 15,949 shares of the company’s stock, valued at $3,460,933. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by company insiders.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock opened at $224.64 on Monday. The firm has a 50-day moving average of $214.93 and a 200-day moving average of $210.02. The stock has a market cap of $56.17 billion, a PE ratio of 48.83, a PEG ratio of 2.32 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 52-week low of $146.00 and a 52-week high of $229.03.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. Hilton Worldwide’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.63 earnings per share. Equities research 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 will be paid on Friday, September 27th. Investors 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 annualized dividend and a yield of 0.27%. Hilton Worldwide’s dividend payout ratio is 13.04%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HLT. Robert W. Baird lowered their target price on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Barclays lowered their target price on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 target price on the stock. 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 report on Friday, July 19th. Finally, Susquehanna assumed coverage on shares of Hilton Worldwide in a research report on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective for the company. Ten equities 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.com, Hilton Worldwide currently has an average rating of “Moderate Buy” and a consensus 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.