Shellback Capital LP Cuts Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Shellback Capital LP trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 26.1% in the second quarter, HoldingsChannel reports. The firm owned 170,000 shares of the company’s stock after selling 60,000 shares during the period. Hilton Worldwide makes up 2.7% of Shellback Capital LP’s investment portfolio, making the stock its 6th largest position. Shellback Capital LP’s holdings in Hilton Worldwide were worth $37,094,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in Hilton Worldwide in the first quarter worth about $2,792,000. AIA Group Ltd increased its stake in shares of Hilton Worldwide by 43.4% during the first quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after acquiring an additional 4,265 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Hilton Worldwide by 3.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock worth $29,375,000 after purchasing an additional 4,677 shares in the last quarter. PGGM Investments lifted its position in Hilton Worldwide by 337.6% in the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock worth $3,137,000 after purchasing an additional 11,092 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Hilton Worldwide by 25.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock valued at $13,219,000 after purchasing an additional 12,740 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Insiders Place Their Bets

In other news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction 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 transaction, the insider now directly 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 this hyperlink. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

HLT has been the topic of a number of research reports. Truist Financial dropped 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. Robert W. Baird dropped their price target on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Barclays reduced 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 dropped their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Finally, 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 for the company. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $213.95.

Hilton Worldwide Stock Up 2.4 %

HLT opened at $232.91 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $146.35 and a 12-month high of $233.18. The firm has a market capitalization of $57.40 billion, a P/E ratio of 50.63, a PEG ratio of 2.46 and a beta of 1.31. The stock has a fifty day moving average of $215.12 and a 200-day moving average of $210.44.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the business earned $1.63 EPS. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

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 paid a $0.15 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide’s dividend payout ratio is presently 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.