First Manhattan Co. Sells 38,512 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

First Manhattan Co. lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) by 15.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 203,217 shares of the company’s stock after selling 38,512 shares during the period. First Manhattan Co.’s holdings in Hilton Worldwide were worth $30,836,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Covestor Ltd bought a new stake in Hilton Worldwide in the 4th quarter valued at $25,000. Mystic Asset Management Inc. acquired a new position in Hilton Worldwide in the 4th quarter valued at $26,000. Riverview Trust Co acquired a new position in Hilton Worldwide in the 1st quarter valued at $34,000. Parkside Financial Bank & Trust grew its holdings in Hilton Worldwide by 34.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 366 shares of the company’s stock valued at $57,000 after buying an additional 94 shares in the last quarter. Finally, Confluence Wealth Services Inc. acquired a new position in Hilton Worldwide in the 4th quarter valued at $60,000. Institutional investors own 95.53% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT opened at $136.65 on Tuesday. Hilton Worldwide Holdings Inc. has a 1 year low of $108.41 and a 1 year high of $167.99. The company has a market capitalization of $37.48 billion, a price-to-earnings ratio of 39.61, a price-to-earnings-growth ratio of 0.60 and a beta of 1.25. The business has a 50-day moving average of $126.47 and a 200-day moving average of $135.48.

Hilton Worldwide (NYSE:HLTGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.24. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.10 billion. Hilton Worldwide had a negative return on equity of 114.54% and a net margin of 12.83%. The firm’s revenue was up 68.5% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 4.39 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, August 26th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $0.60 dividend on an annualized basis and a yield of 0.44%. Hilton Worldwide’s payout ratio is currently 17.39%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Matthew W. Schuyler sold 3,000 shares of Hilton Worldwide stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $121.31, for a total value of $363,930.00. Following the completion of the sale, the insider now directly owns 256,714 shares in the company, valued at $31,141,975.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on HLT shares. Cowen decreased their price objective on Hilton Worldwide to $130.00 in a report on Friday, July 22nd. Evercore ISI raised Hilton Worldwide from an “in-line” rating to an “outperform” rating and decreased their price objective for the company from $155.00 to $150.00 in a report on Monday, July 11th. Barclays initiated coverage on Hilton Worldwide in a report on Tuesday, June 28th. They set an “equal weight” rating and a $125.00 target price on the stock. UBS Group increased their target price on Hilton Worldwide from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Hilton Worldwide from $141.00 to $120.00 in a report on Thursday, July 28th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $151.00.

About Hilton Worldwide

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Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

See Also

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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