Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 12.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 691,015 shares of the company’s stock after purchasing an additional 77,560 shares during the period. Dimensional Fund Advisors LP owned approximately 0.28% of Hilton Worldwide worth $150,768,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Independence Bank of Kentucky lifted its stake in shares of Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares during the period. Raleigh Capital Management Inc. increased its holdings in Hilton Worldwide by 48.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after acquiring an additional 56 shares in the last quarter. EdgeRock Capital LLC purchased a new position in Hilton Worldwide during the 2nd quarter valued at about $33,000. Pinnacle Bancorp Inc. purchased a new position in Hilton Worldwide during the 1st quarter valued at about $34,000. Finally, Manchester Capital Management LLC increased its holdings in Hilton Worldwide by 247.8% during the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after acquiring an additional 114 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Down 0.4 %

Shares of HLT stock opened at $224.64 on Friday. The stock has a market cap of $56.17 billion, a price-to-earnings ratio of 48.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a fifty-two week low of $146.00 and a fifty-two week high of $229.03. The firm’s 50 day moving average price is $214.93 and its two-hundred day moving average price is $209.97.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. Hilton Worldwide’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 earnings per share. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend 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

HLT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Barclays lowered their price target on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Bank of America lifted their price target on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Truist Financial lowered their price target on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Finally, 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 report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.95.

Insider Transactions at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the business’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 transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.

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.