ASB Consultores LLC Sells 1,263 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

ASB Consultores LLC reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 42.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,686 shares of the company’s stock after selling 1,263 shares during the quarter. ASB Consultores LLC’s holdings in Hilton Worldwide were worth $368,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HLT. Massachusetts Financial Services Co. MA raised its holdings in Hilton Worldwide by 36.9% in 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 period. Capital World Investors raised its holdings in Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after acquiring an additional 1,246,662 shares during the period. JPMorgan Chase & Co. raised its holdings in Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after acquiring an additional 761,104 shares during the period. Gray Foundation bought a new position in Hilton Worldwide in the 4th quarter valued at about $133,229,000. Finally, PineStone Asset Management Inc. bought a new position in Hilton Worldwide in the 2nd quarter valued at about $98,607,000. 95.90% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

HLT has been the topic of a number of analyst reports. Susquehanna initiated coverage on shares of Hilton Worldwide in a research report on Friday, June 21st. They set a “neutral” rating and a $215.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Truist Financial decreased their target price 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 target price 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. Finally, Robert W. Baird decreased their target price on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $213.95.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $225.54 on Friday. The company has a market cap of $56.40 billion, a price-to-earnings ratio of 49.03, a PEG ratio of 2.32 and a beta of 1.31. The firm has a 50 day simple moving average of $214.85 and a 200 day simple moving average of $209.78. 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 data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $2.95 billion during 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 firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.63 EPS. As a group, analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, August 23rd. Hilton Worldwide’s payout ratio is currently 13.04%.

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.