Meiji Yasuda Life Insurance Co Lowers Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Meiji Yasuda Life Insurance Co trimmed its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 10.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,923 shares of the company’s stock after selling 681 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Hilton Worldwide were worth $1,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HLT. Massachusetts Financial Services Co. MA boosted its position in shares of Hilton Worldwide by 36.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after acquiring an additional 1,282,676 shares during the last quarter. Capital World Investors grew its stake in shares of Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after buying an additional 1,246,662 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after buying an additional 761,104 shares during the last quarter. Gray Foundation bought a new position in shares of Hilton Worldwide in the 4th quarter valued at about $133,229,000. Finally, PineStone Asset Management Inc. purchased a new stake in Hilton Worldwide during the second quarter valued at approximately $98,607,000. 95.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Stock Performance

HLT stock opened at $220.98 on Thursday. The firm has a market cap of $55.26 billion, a price-to-earnings ratio of 48.04, a PEG ratio of 2.32 and a beta of 1.31. The firm has a 50-day simple moving average of $214.68 and a two-hundred day simple moving average of $209.67. Hilton Worldwide Holdings Inc. has a one year low of $146.00 and a one year high of $229.03.

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 analysts’ consensus estimates of $1.86 by $0.05. The business 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 revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 earnings per share. As a group, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HLT. The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research report on Wednesday. They set a “buy” rating and a $245.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a report on Friday, July 19th. 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. Deutsche Bank Aktiengesellschaft cut their target price 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, 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 report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.95.

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.