34,879 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Bought by Land & Buildings Investment Management LLC

Land & Buildings Investment Management LLC acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 34,879 shares of the company’s stock, valued at approximately $7,611,000. Hilton Worldwide makes up approximately 1.8% of Land & Buildings Investment Management LLC’s portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Independence Bank of Kentucky increased its position in Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares during the last quarter. Eaton Financial Holdings Company LLC increased its position in Hilton Worldwide by 0.9% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 5,932 shares of the company’s stock worth $1,080,000 after buying an additional 52 shares during the last quarter. EP Wealth Advisors LLC increased its position in Hilton Worldwide by 1.5% during the first quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock worth $771,000 after buying an additional 54 shares during the last quarter. AA Financial Advisors LLC increased its position in Hilton Worldwide by 4.0% during the second quarter. AA Financial Advisors LLC now owns 1,434 shares of the company’s stock worth $313,000 after buying an additional 55 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its position in Hilton Worldwide by 48.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after buying an additional 56 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HLT has been the topic of several analyst reports. Truist Financial lowered their target price on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Barclays lowered their target price on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Bank of America raised their price target on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. 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 research report on Thursday, August 8th. Finally, Macquarie raised their price target on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $213.95.

Hilton Worldwide Stock Up 0.0 %

Shares of HLT opened at $224.67 on Tuesday. Hilton Worldwide Holdings Inc. has a 12-month low of $146.00 and a 12-month high of $229.03. The firm has a market capitalization of $56.18 billion, a price-to-earnings ratio of 48.84, a P/E/G ratio of 2.32 and a beta of 1.31. The stock’s 50-day moving average price is $214.96 and its 200 day moving average price is $210.16.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data 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. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 earnings per share. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Friday, August 23rd. Hilton Worldwide’s payout ratio is 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.