Czech National Bank Grows Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Czech National Bank lifted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,199 shares of the company’s stock after purchasing an additional 2,550 shares during the period. Czech National Bank’s holdings in Hilton Worldwide were worth $11,571,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in shares of Hilton Worldwide by 2.1% during the second quarter. Principal Financial Group Inc. now owns 9,326,879 shares of the company’s stock worth $2,035,125,000 after purchasing an additional 190,429 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Hilton Worldwide by 10.5% during the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after buying an additional 761,104 shares during the period. Massachusetts Financial Services Co. MA raised its holdings 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 buying an additional 1,282,676 shares during the period. Putnam Investments LLC grew its stake in Hilton Worldwide by 6.0% during the 4th quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock valued at $696,680,000 after purchasing an additional 216,219 shares in the last quarter. Finally, Capital World Investors grew its stake in Hilton Worldwide by 66.3% during the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after purchasing an additional 1,246,662 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Up 1.2 %

Hilton Worldwide stock traded up $2.84 during trading hours on Friday, hitting $233.72. The stock had a trading volume of 1,217,862 shares, compared to its average volume of 1,581,481. The company has a 50-day moving average of $217.14 and a two-hundred day moving average of $211.66. The company has a market cap of $58.44 billion, a PE ratio of 50.80, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a fifty-two week low of $146.35 and a fifty-two week high of $235.67.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $1.63 EPS. Hilton Worldwide’s revenue was up 10.9% on a year-over-year basis. As a group, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HLT. Macquarie lifted their target price on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Susquehanna began coverage on Hilton Worldwide in a research report on Friday, June 21st. They issued a “neutral” rating and a $215.00 target price for the company. Barclays decreased their target price on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Bank of America lifted their target price on Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on 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 equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $213.95.

Insider Activity at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value 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 approximately $3,460,933. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.