Elo Mutual Pension Insurance Co Reduces Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Elo Mutual Pension Insurance Co lowered its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,594 shares of the company’s stock after selling 1,837 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Hilton Worldwide were worth $4,712,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HLT. Quadrature Capital Ltd purchased a new position in shares of Hilton Worldwide during the 1st quarter worth $2,792,000. AIA Group Ltd boosted 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 worth $3,008,000 after acquiring an additional 4,265 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of 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 acquiring an additional 4,677 shares during the last quarter. PGGM Investments boosted its stake in shares of Hilton Worldwide by 337.6% during the 2nd quarter. PGGM Investments now owns 14,378 shares of the company’s stock worth $3,137,000 after acquiring an additional 11,092 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 worth $13,219,000 after acquiring an additional 12,740 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide 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 completion of the transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $220.98 on Thursday. Hilton Worldwide Holdings Inc. has a 52-week low of $146.00 and a 52-week high of $229.03. The company has a market cap of $55.26 billion, a P/E ratio of 48.04, a P/E/G ratio of 2.32 and a beta of 1.31. The firm’s fifty day moving average is $214.68 and its two-hundred day moving average is $209.67.

Hilton Worldwide (NYSE:HLT) 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. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company posted $1.63 EPS. The business’s revenue was up 10.9% on a year-over-year basis. As a group, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.27%. Hilton Worldwide’s payout ratio is currently 13.04%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Hilton Worldwide in a research note on Wednesday. They set a “buy” rating and a $245.00 price target on the stock. Truist Financial decreased their price objective on shares of 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 decreased their price objective on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Macquarie raised their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, 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.