Holderness Investments Co. buys 60 shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

VaselineSeptember 23, 2024

0 4 minutes read

Holderness Investments Co. increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 5.2% in the second quarter, Holdings Channel.com reports. The firm owned 1,205 shares of the company’s stock after acquiring an additional 60 shares during the period. Holdings of Holderness Investments Co. in Hilton Worldwide were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC grew its position in shares of Hilton Worldwide by 6.7% in the second quarter. ProShare Advisors LLC now owns 34,145 shares of the company’s stock valued at $7,450,000 after purchasing an additional 2,137 shares in the last quarter. Hancock Whitney Corp boosted its stake in Hilton Worldwide by 0.6% in the second quarter. Hancock Whitney Corp now owns 10,460 shares of the company’s stock worth $2,282,000 after acquiring an additional 64 shares during the period. Legacy Financial Advisors Inc. purchased a new position in Hilton Worldwide in the second quarter valued at $213,000. Thrivent Financial for Lutherans lifted its position in shares of Hilton Worldwide by 0.4% during the second quarter. Thrivent Financial for Lutherans now owns 217,526 shares of the company’s stock valued at $47,464,000 after acquiring an additional 833 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Hilton Worldwide by 13.0% during the second quarter. Sei Investments Co. now owns 299,820 shares of the company’s stock worth $65,419,000 after purchasing an additional 34,554 shares during the last quarter. Institutional investors own 95.90% of the company’s shares.

Insider work at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the 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 directly owns 15,949 shares in the company, valued at approximately $3,460,933. The sale was disclosed in a filing with the SEC, which is accessible via this hyperlink. 2.50% of shares are owned by company insiders.

Hilton Worldwide stocks fell 0.4%

Want more great investment ideas?

NYSE HLT opened at $224.64 on Monday. The company has a market cap of $56.17 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 2.32 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12-month low of $146.00 and a 12-month high of $229.03. The stock has a fifty day simple moving average of $214.93 and a 200 day simple moving average of $210.02.

Hilton Worldwide (NYSE:HLT – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company’s quarterly revenue was up 10.9% year over year. In the same period last year, the company earned $1.63 per share. Research analysts expect that Hilton Worldwide Holdings Inc. to 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. Stockholders of record on Friday, August 23rd will be given a dividend of $0.15 per share. This represents an annualized dividend of $0.60 and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, August 23. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

The Wall Street analyst weighs in

Several equities research analysts recently weighed in on HLT shares. Macquarie boosted their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Bank of America upped their target price on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Barclays cut 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 decreased their price objective on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Finally, Goldman Sachs Group began coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Hilton Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $213.95, according to data from MarketBeat.

Read our latest report on Hilton Worldwide

Hilton’s global profile

(Free report)

Hilton Worldwide Holdings Inc, a hospitality company, engages in the management, franchising, ownership and leasing of hotels and resorts. It operates through two segments, management and franchise and ownership. The company is engaged in hotel management and licensing of its brands. It operates luxury hotels under the brands Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts and Conrad Hotels & Resorts; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton and Motto by Hilton brands; full-service hotels under the Signia by Hilton, Hilton Hotels & Resorts and DoubleTree by Hilton brands; hotel services under the Hilton Garden Inn, Hampton by Hilton and Tru by Hilton brands; suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton and Home2 Suites by Hilton brands; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.