Northwestern Mutual Wealth Management Co. Sells 7,862 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Northwestern Mutual Wealth Management Co. reduced its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 164,915 shares of the company’s stock after selling 7,862 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.07% of Hilton Worldwide worth $35,985,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HLT. Creative Planning increased its holdings in Hilton Worldwide by 9.3% in the 2nd quarter. Creative Planning now owns 30,078 shares of the company’s stock worth $6,563,000 after purchasing an additional 2,567 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in Hilton Worldwide in the 2nd quarter worth about $5,225,000. Waterfall Asset Management LLC acquired a new position in Hilton Worldwide in the 2nd quarter worth about $2,618,000. Susquehanna Fundamental Investments LLC acquired a new position in Hilton Worldwide in the 2nd quarter worth about $1,920,000. Finally, Legal & General Group Plc increased its holdings in Hilton Worldwide by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 1,814,188 shares of the company’s stock worth $395,856,000 after purchasing an additional 32,531 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Stock Down 1.6 %

HLT stock opened at $230.51 on Tuesday. Hilton Worldwide Holdings Inc. has a twelve month low of $146.35 and a twelve month high of $235.67. The stock’s 50 day moving average is $215.91 and its 200-day moving average is $211.01. The firm has a market capitalization of $57.64 billion, a PE ratio of 50.11, a P/E/G ratio of 2.46 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last posted its 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. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the company earned $1.63 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HLT shares. The Goldman Sachs Group started coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price target for the company. Susquehanna started coverage on Hilton Worldwide in a research note on Friday, June 21st. They issued a “neutral” rating and a $215.00 price target for the company. Robert W. Baird decreased their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Barclays decreased their price target on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.95.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

About Hilton Worldwide

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.