Moody National Bank Trust Division bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) in the 2nd quarter, HoldingsChannel reports. The fund bought 3,068 shares of the company’s stock, valued at approximately $342,000.
Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Hilton Worldwide by 8.5% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 144,042 shares of the company’s stock worth $21,857,000 after acquiring an additional 11,225 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Hilton Worldwide by 7.4% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,227 shares of the company’s stock worth $1,248,000 after purchasing an additional 570 shares during the last quarter. Junson Asset Management Hong Kong Ltd bought a new stake in shares of Hilton Worldwide in the 1st quarter worth approximately $4,802,000. Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $713,000. Finally, Pinnacle Private Wealth LLC lifted its holdings in shares of Hilton Worldwide by 21.2% in the 1st quarter. Pinnacle Private Wealth LLC now owns 1,575 shares of the company’s stock worth $239,000 after purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.
Insider Activity at Hilton Worldwide
In other Hilton Worldwide news, insider Matthew W. Schuyler sold 3,000 shares of Hilton Worldwide stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $120.00, for a total value of $360,000.00. Following the transaction, the insider now directly owns 253,714 shares of the company’s stock, valued at approximately $30,445,680. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.40% of the stock is owned by company insiders.
Analyst Ratings Changes
Hilton Worldwide Stock Up 1.1 %
NYSE:HLT opened at $132.30 on Tuesday. Hilton Worldwide Holdings Inc. has a 1-year low of $108.41 and a 1-year high of $167.99. The firm has a market capitalization of $36.29 billion, a price-to-earnings ratio of 38.35, a price-to-earnings-growth ratio of 0.58 and a beta of 1.25. The stock has a fifty day simple moving average of $128.62 and a 200 day simple moving average of $135.05.
Hilton Worldwide (NYSE:HLT – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.24. Hilton Worldwide had a negative return on equity of 114.54% and a net margin of 12.83%. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter last year, the company posted $0.56 EPS. Hilton Worldwide’s revenue for the quarter was up 68.5% on a year-over-year basis. Equities analysts predict that Hilton Worldwide Holdings Inc. will post 4.39 earnings per share for the current year.
Hilton Worldwide Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Thursday, August 25th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 17.39%.
Hilton Worldwide Company Profile
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.
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