Seven Eight Capital LP Takes Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Seven Eight Capital LP acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,380 shares of the company’s stock, valued at approximately $301,000.

Other large investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky grew its position in shares of Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 50 shares during the period. EdgeRock Capital LLC bought a new stake in Hilton Worldwide during the second quarter valued at about $33,000. Pinnacle Bancorp Inc. purchased a new stake in Hilton Worldwide in the first quarter worth about $34,000. Manchester Capital Management LLC raised its stake in shares of Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the period. Finally, NewSquare Capital LLC purchased a new position in shares of Hilton Worldwide during the 2nd quarter valued at about $37,000. 95.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HLT has been the topic of a number of recent analyst reports. Macquarie raised their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Truist Financial lowered 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 note on Thursday, August 8th. Robert W. Baird decreased their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They set a “buy” rating and a $245.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.95.

Insider Transactions at Hilton Worldwide

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

Hilton Worldwide Trading Down 0.4 %

Shares of NYSE:HLT opened at $224.64 on Monday. The company has a market cap of $56.17 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 2.32 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12 month low of $146.00 and a 12 month high of $229.03. The company has a 50-day moving average price of $214.93 and a 200 day moving average price of $210.02.

Hilton Worldwide (NYSE:HLT) last announced its earnings results 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 negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business earned $1.63 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current 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 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 dividend payout ratio is currently 13.04%.

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.