Waterfall Asset Management LLC Acquires Shares of 12,000 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Waterfall Asset Management LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,000 shares of the company’s stock, valued at approximately $2,618,000. Hilton Worldwide accounts for approximately 1.8% of Waterfall Asset Management LLC’s investment portfolio, making the stock its 9th biggest position.

A number of other institutional investors have also recently bought and sold shares of HLT. Gilbert & Cook Inc. grew its stake in Hilton Worldwide by 7.1% in the 4th quarter. Gilbert & Cook Inc. now owns 6,521 shares of the company’s stock valued at $1,187,000 after purchasing an additional 433 shares during the period. Gryphon Financial Partners LLC lifted its position in shares of Hilton Worldwide by 168.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 4,994 shares of the company’s stock valued at $909,000 after buying an additional 3,133 shares during the last quarter. Assetmark Inc. lifted its position in shares of Hilton Worldwide by 13.4% during the 4th quarter. Assetmark Inc. now owns 13,339 shares of the company’s stock valued at $2,429,000 after buying an additional 1,577 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Hilton Worldwide by 2.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 9,117 shares of the company’s stock valued at $1,660,000 after buying an additional 200 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Hilton Worldwide by 13.8% during the 4th quarter. US Bancorp DE now owns 14,582 shares of the company’s stock valued at $2,655,000 after buying an additional 1,763 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Down 0.4 %

Shares of NYSE HLT opened at $224.64 on Friday. The firm has a market capitalization of $56.17 billion, a P/E ratio of 48.83, a P/E/G ratio of 2.32 and a beta of 1.31. The stock’s 50-day simple moving average is $214.93 and its two-hundred day simple moving average is $209.97. Hilton Worldwide Holdings Inc. has a twelve month low of $146.00 and a twelve month high of $229.03.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.63 EPS. As a group, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insider Activity

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Truist Financial dropped their price target on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird dropped their price objective on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Macquarie increased their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Susquehanna assumed coverage on Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus target price of $213.95.

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.