The Manufacturers Life Insurance Company Sells 1,036 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

The Manufacturers Life Insurance Company lessened its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 153,121 shares of the company’s stock after selling 1,036 shares during the period. The Manufacturers Life Insurance Company’s holdings in Hilton Worldwide were worth $33,411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Maverick Capital Ltd. grew its holdings in shares of Hilton Worldwide by 4.2% during the 2nd quarter. Maverick Capital Ltd. now owns 6,915 shares of the company’s stock worth $1,509,000 after acquiring an additional 281 shares during the period. MBB Public Markets I LLC bought a new stake in shares of Hilton Worldwide during the 2nd quarter valued at $3,850,000. DoubleLine ETF Adviser LP bought a new position in shares of Hilton Worldwide in the 2nd quarter worth about $1,481,000. Ameriprise Financial Inc. boosted its stake in Hilton Worldwide by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock worth $614,841,000 after acquiring an additional 200,329 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Hilton Worldwide by 167.9% in the second quarter. AQR Capital Management LLC now owns 261,062 shares of the company’s stock worth $56,468,000 after purchasing an additional 163,625 shares during the period. 95.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HLT has been the topic of a number of analyst reports. Truist Financial dropped their price target on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Barclays lowered their price target on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Robert W. Baird reduced their price objective on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Macquarie upped their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group initiated coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective on the stock. Ten investment 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $213.95.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, 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 transaction of $1,067,423.00. Following the sale, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Hilton Worldwide Stock Down 1.6 %

Shares of NYSE:HLT opened at $230.51 on Tuesday. The firm’s 50 day moving average price is $215.91 and its 200-day moving average price is $211.01. The stock has a market capitalization of $57.64 billion, a PE ratio of 50.11, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a twelve month low of $146.35 and a twelve month high of $235.67.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $2.95 billion for 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%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 EPS. 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 was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Hilton Worldwide’s payout ratio is currently 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.