Oppenheimer & Co. Inc. grew its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 13.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,983 shares of the company’s stock after acquiring an additional 241 shares during the period. Oppenheimer & Co. Inc.’s holdings in Hilton Worldwide were worth $279,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of HLT. Cetera Advisor Networks LLC grew its position in shares of Hilton Worldwide by 7.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,473 shares of the company’s stock valued at $224,000 after acquiring an additional 108 shares during the period. D.A. Davidson & CO. grew its position in shares of Hilton Worldwide by 8.0% in the 1st quarter. D.A. Davidson & CO. now owns 1,499 shares of the company’s stock valued at $227,000 after acquiring an additional 111 shares during the period. Raymond James Trust N.A. lifted its stake in shares of Hilton Worldwide by 22.9% during the 1st quarter. Raymond James Trust N.A. now owns 3,422 shares of the company’s stock worth $519,000 after buying an additional 637 shares during the last quarter. Synovus Financial Corp lifted its stake in shares of Hilton Worldwide by 8.6% during the 1st quarter. Synovus Financial Corp now owns 6,148 shares of the company’s stock worth $932,000 after buying an additional 487 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Hilton Worldwide during the 1st quarter worth about $91,000. Institutional investors own 94.71% of the company’s stock.
Insider Activity at Hilton Worldwide
In related news, insider Laura Fuentes sold 12,513 shares of Hilton Worldwide stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $141.42, for a total transaction of $1,769,588.46. Following the sale, the insider now directly owns 5,270 shares of the company’s stock, valued at approximately $745,283.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by insiders.
Hilton Worldwide Trading Up 0.4 %
Hilton Worldwide (NYSE:HLT – Get Free Report) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.05. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Hilton Worldwide had a net margin of 13.23% and a negative return on equity of 128.71%. The firm’s revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 EPS. On average, research analysts predict that Hilton Worldwide Holdings Inc. will post 6.06 EPS for the current fiscal year.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 25th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, August 24th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 12.53%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on HLT. Wells Fargo & Company raised their target price on shares of Hilton Worldwide from $151.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Friday, July 21st. Robert W. Baird raised their target price on shares of Hilton Worldwide from $160.00 to $164.00 in a research note on Thursday, July 27th. Sanford C. Bernstein raised their target price on shares of Hilton Worldwide from $152.00 to $161.00 and gave the stock a “market perform” rating in a research note on Monday, August 14th. Barclays lifted their price objective on shares of Hilton Worldwide from $166.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. Finally, StockNews.com assumed coverage on shares of Hilton Worldwide in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $154.53.
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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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