Mn Services Vermogensbeheer B.V. Sells 1,100 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Mn Services Vermogensbeheer B.V. cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.1% during the 2nd quarter, Holdings Channel reports. The fund owned 102,581 shares of the company’s stock after selling 1,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Hilton Worldwide were worth $22,383,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. EdgeRock Capital LLC bought a new position in Hilton Worldwide in the 4th quarter worth $25,000. Independence Bank of Kentucky increased its position 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 buying an additional 50 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Hilton Worldwide in the fourth quarter worth about $28,000. Raleigh Capital Management Inc. lifted its position in shares of Hilton Worldwide by 48.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after buying an additional 56 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Hilton Worldwide during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HLT. Robert W. Baird lowered their price target on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Bank of America upped their target price on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Truist Financial decreased 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. JPMorgan Chase & Co. upped their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Finally, Barclays decreased their target price on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $212.22.

Hilton Worldwide Trading Up 0.7 %

Shares of NYSE HLT traded up $1.41 during mid-day trading on Friday, reaching $217.09. The company had a trading volume of 976,308 shares, compared to its average volume of 1,589,992. Hilton Worldwide Holdings Inc. has a 52 week low of $146.00 and a 52 week high of $229.03. The business’s 50-day moving average is $214.45 and its 200-day moving average is $207.41. The stock has a market cap of $54.28 billion, a price-to-earnings ratio of 47.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. Hilton Worldwide’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. As a group, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be paid 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 0.28%. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey bought 2,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were acquired at an average price of $199.65 per share, with a total value of $399,300.00. Following the transaction, the director now owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

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.