Prelude Capital Management LLC Buys New Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Prelude Capital Management LLC bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,016 shares of the company’s stock, valued at approximately $284,000.

Several other institutional investors also recently bought and sold shares of HLT. Norges Bank purchased a new position in Hilton Worldwide during the fourth quarter valued at $337,490,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Hilton Worldwide by 36.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,237,885 shares of the company’s stock worth $1,167,300,000 after buying an additional 2,480,451 shares during the last quarter. FMR LLC increased its holdings in shares of Hilton Worldwide by 11.7% in the 1st quarter. FMR LLC now owns 11,526,447 shares of the company’s stock worth $1,623,731,000 after buying an additional 1,203,233 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Hilton Worldwide by 157.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,160,238 shares of the company’s stock worth $146,608,000 after buying an additional 709,638 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Hilton Worldwide by 54.7% in the 1st quarter. Royal Bank of Canada now owns 1,840,444 shares of the company’s stock worth $279,270,000 after buying an additional 650,540 shares during the last quarter. 94.71% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Down 0.7 %

NYSE HLT opened at $153.36 on Tuesday. The firm has a market cap of $40.11 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 1.51 and a beta of 1.25. The company has a 50 day moving average price of $151.61 and a 200 day moving average price of $145.27. Hilton Worldwide Holdings Inc. has a 52 week low of $116.39 and a 52 week high of $157.14.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.58 by $0.05. The firm had revenue of $2.66 billion during 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%. Hilton Worldwide’s revenue was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.29 EPS. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 6.05 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, August 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. Hilton Worldwide’s payout ratio is 12.53%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Kristin Ann Campbell sold 8,286 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $154.03, for a total transaction of $1,276,292.58. Following the transaction, the insider now owns 230,097 shares in the company, valued at approximately $35,441,840.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $151.00 to $161.00 and gave the stock an “equal weight” rating in a report on Friday, July 21st. Robert W. Baird boosted their target price on shares of Hilton Worldwide from $160.00 to $164.00 in a report on Thursday, July 27th. TD Cowen boosted their target price on shares of Hilton Worldwide from $148.00 to $164.00 and gave the stock an “outperform” rating in a report on Tuesday, September 12th. SpectralCast restated a “maintains” rating on shares of Hilton Worldwide in a report on Tuesday, June 27th. Finally, Barclays upped their price target on shares of Hilton Worldwide from $166.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, July 21st. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $156.29.

About Hilton Worldwide

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.