Sei Investments Co. Grows Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sei Investments Co. boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 13.0% in the second quarter, HoldingsChannel.com reports. The firm owned 299,820 shares of the company’s stock after buying an additional 34,554 shares during the quarter. Sei Investments Co.’s holdings in Hilton Worldwide were worth $65,419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HLT. Massachusetts Financial Services Co. MA boosted its holdings in shares of Hilton Worldwide by 36.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after acquiring an additional 1,282,676 shares during the period. Capital World Investors raised its position in Hilton Worldwide by 66.3% in the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after acquiring an additional 1,246,662 shares in the last quarter. JPMorgan Chase & Co. raised its position in Hilton Worldwide by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after acquiring an additional 761,104 shares in the last quarter. Gray Foundation purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at $133,229,000. Finally, PineStone Asset Management Inc. purchased a new position in shares of Hilton Worldwide in the second quarter valued at $98,607,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HLT has been the subject of a number of recent research reports. Truist Financial dropped their price objective on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Robert W. Baird reduced their price objective on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group began coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target on the stock. Finally, Susquehanna began coverage on Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $213.95.

Hilton Worldwide Price Performance

NYSE:HLT opened at $224.64 on Monday. Hilton Worldwide Holdings Inc. has a 12-month low of $146.00 and a 12-month high of $229.03. The firm has a market capitalization of $56.17 billion, a P/E ratio of 48.83, a P/E/G ratio of 2.32 and a beta of 1.31. The business has a 50 day simple moving average of $214.93 and a 200 day simple moving average of $210.02.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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 issued a $0.15 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of the business’s 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 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 legal filing with the Securities & Exchange Commission, which can be accessed 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.