Quarry LP Raises Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Quarry LP raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2,969.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 706 shares of the company’s stock after acquiring an additional 683 shares during the quarter. Quarry LP’s holdings in Hilton Worldwide were worth $154,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HLT. Independence Bank of Kentucky lifted its stake in Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after acquiring an additional 50 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after acquiring an additional 56 shares during the last quarter. EdgeRock Capital LLC purchased a new position in Hilton Worldwide in the second quarter worth approximately $33,000. Pinnacle Bancorp Inc. purchased a new position in Hilton Worldwide in the first quarter worth approximately $34,000. Finally, Manchester Capital Management LLC lifted its stake in 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 acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on HLT shares. Truist Financial reduced their price objective on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Robert W. Baird reduced their price objective on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Barclays reduced their price objective on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Susquehanna started coverage on shares of Hilton Worldwide in a research report on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Hilton Worldwide currently has an average rating of “Moderate Buy” and an average target price of $213.95.

Hilton Worldwide Stock Down 1.6 %

NYSE:HLT opened at $230.51 on Tuesday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $146.35 and a fifty-two week high of $235.67. The stock has a market cap of $57.64 billion, a PE ratio of 50.11, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31. The firm’s fifty day simple moving average is $215.91 and its 200-day simple moving average is $211.01.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results 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 business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company posted $1.63 EPS. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

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

Insider Buying and Selling

In related news, insider Laura Fuentes sold 4,919 shares of the business’s 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 in the company, valued at approximately $3,460,933. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.50% of the company’s stock.

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.