Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,024 shares of the company’s stock after selling 1,250 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Hilton Worldwide were worth $3,933,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HLT. Gilbert & Cook Inc. increased its stake in shares of Hilton Worldwide by 7.1% during the fourth quarter. Gilbert & Cook Inc. now owns 6,521 shares of the company’s stock valued at $1,187,000 after acquiring an additional 433 shares during the period. Gryphon Financial Partners LLC grew its position in Hilton Worldwide by 168.4% in the fourth quarter. Gryphon Financial Partners LLC now owns 4,994 shares of the company’s stock worth $909,000 after buying an additional 3,133 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Hilton Worldwide by 13.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,669 shares of the company’s stock worth $1,761,000 after buying an additional 1,173 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Hilton Worldwide by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 29,824 shares of the company’s stock worth $5,431,000 after buying an additional 76 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in Hilton Worldwide by 41.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,360 shares of the company’s stock worth $430,000 after buying an additional 695 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT opened at $216.82 on Friday. The company has a market capitalization of $53.43 billion, a PE ratio of 47.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a one year low of $146.00 and a one year high of $229.03. The company’s fifty day moving average price is $214.48 and its 200 day moving average price is $209.34.

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

Hilton Worldwide Announces Dividend

The business 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Hilton Worldwide’s payout ratio is 13.04%.

Analysts Set New Price Targets

HLT has been the topic of several recent research reports. Macquarie lifted their price target 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. Barclays decreased 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 note on Thursday, August 8th. Robert W. Baird decreased 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. JPMorgan Chase & Co. raised their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Finally, Susquehanna started coverage on shares of Hilton Worldwide in a research note on Friday, June 21st. They issued a “neutral” rating and a $215.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Hold” and an average target price of $212.22.

Hilton Worldwide Company 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.