Sanctuary Advisors LLC Acquires New Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sanctuary Advisors LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 48,860 shares of the company’s stock, valued at approximately $9,876,000.

Other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd purchased a new position in Hilton Worldwide in the 1st quarter valued at approximately $2,792,000. AIA Group Ltd raised its stake in shares of Hilton Worldwide by 43.4% during the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after purchasing an additional 4,265 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Hilton Worldwide by 3.5% during the 1st 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 boosted its stake in Hilton Worldwide by 337.6% in the 2nd 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. grew its holdings 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 buying an additional 12,740 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT stock opened at $230.95 on Friday. The business has a 50-day moving average of $216.78 and a 200 day moving average of $211.47. Hilton Worldwide Holdings Inc. has a 1-year low of $146.35 and a 1-year high of $235.67. The stock has a market capitalization of $57.75 billion, a PE ratio of 50.21, a P/E/G ratio of 2.46 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating 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 firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Friday, August 23rd. Hilton Worldwide’s payout ratio is 13.04%.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

HLT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target 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. The Goldman Sachs Group assumed coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. 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 note on Thursday, August 8th. Finally, Macquarie upped their target price on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide presently has an average 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.