Sei Investments Co. Acquires 34,554 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sei Investments Co. grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 13.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 299,820 shares of the company’s stock after acquiring an additional 34,554 shares during the period. Sei Investments Co. owned 0.12% of Hilton Worldwide worth $65,419,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HLT. Massachusetts Financial Services Co. MA raised 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 purchasing an additional 1,282,676 shares during the period. Capital World Investors grew its stake in 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 acquiring an additional 1,246,662 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 761,104 shares in the last quarter. Gray Foundation bought a new position in Hilton Worldwide in the 4th quarter worth about $133,229,000. Finally, PineStone Asset Management Inc. bought a new position in Hilton Worldwide in the 2nd quarter worth about $98,607,000. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Price Performance

Shares of HLT stock opened at $224.64 on Monday. The firm’s 50-day moving average is $214.93 and its two-hundred day moving average is $210.02. Hilton Worldwide Holdings Inc. has a 12 month low of $146.00 and a 12 month high of $229.03. The company has a market capitalization of $56.17 billion, a PE ratio of 48.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31.

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

Hilton Worldwide Announces Dividend

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

Insiders Place Their Bets

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

Analyst Ratings Changes

HLT has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target on the stock. Barclays cut 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 note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target 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. Finally, 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 price target on the stock. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $213.95.

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.