Intech Investment Management LLC Raises Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Intech Investment Management LLC lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 22.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,618 shares of the company’s stock after buying an additional 5,122 shares during the period. Intech Investment Management LLC’s holdings in Hilton Worldwide were worth $6,026,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Seven Eight Capital LP purchased a new position in shares of Hilton Worldwide during the 2nd quarter worth approximately $301,000. Hsbc Holdings PLC grew its holdings in shares of Hilton Worldwide by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 439,365 shares of the company’s stock worth $95,757,000 after acquiring an additional 8,465 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Hilton Worldwide by 12.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,242 shares of the company’s stock worth $4,352,000 after acquiring an additional 2,166 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Hilton Worldwide by 1.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 20,330 shares of the company’s stock worth $4,436,000 after acquiring an additional 306 shares during the period. Finally, Argent Trust Co grew its holdings in shares of Hilton Worldwide by 14.8% in the 2nd quarter. Argent Trust Co now owns 6,905 shares of the company’s stock worth $1,507,000 after acquiring an additional 891 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred on 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 $3,460,933. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

HLT opened at $224.64 on Friday. The company’s 50 day simple moving average is $214.93 and its 200 day simple moving average is $209.97. Hilton Worldwide Holdings Inc. has a 1 year low of $146.00 and a 1 year high of $229.03. The stock has a market capitalization of $56.17 billion, a PE ratio of 48.83, a P/E/G ratio of 2.32 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company earned $1.63 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HLT shares. Deutsche Bank Aktiengesellschaft lowered their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Barclays lowered their price target on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Truist Financial lowered their price target on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Macquarie raised their price target on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.