Franklin Resources Inc. Decreases Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Franklin Resources Inc. cut its position in Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,188 shares of the company’s stock after selling 1,028 shares during the quarter. Franklin Resources Inc.’s holdings in Hilton Worldwide were worth $4,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. EdgeRock Capital LLC bought a new position in Hilton Worldwide during the 4th quarter valued at $25,000. Activest Wealth Management bought a new position in Hilton Worldwide during the 4th quarter valued at $26,000. McGlone Suttner Wealth Management Inc. bought a new position in Hilton Worldwide during the 4th quarter valued at $37,000. Anchor Investment Management LLC bought a new position in Hilton Worldwide during the 4th quarter valued at $46,000. Finally, Blue Trust Inc. boosted its stake in Hilton Worldwide by 142.5% during the 4th quarter. Blue Trust Inc. now owns 257 shares of the company’s stock valued at $47,000 after acquiring an additional 151 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hilton Worldwide

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

Hilton Worldwide Trading Up 2.1 %

Hilton Worldwide stock opened at $200.60 on Friday. The stock has a market cap of $50.16 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 1.75 and a beta of 1.26. The company’s 50-day moving average price is $204.33 and its two-hundred day moving average price is $193.43. Hilton Worldwide Holdings Inc. has a 52 week low of $134.43 and a 52 week high of $215.79.

Hilton Worldwide (NYSE:HLTGet Free Report) last released its earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.41 by $0.12. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. Hilton Worldwide’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $1.24 EPS. Research analysts expect that Hilton Worldwide Holdings Inc. will post 7.09 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.30%. Hilton Worldwide’s payout ratio is 13.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Mizuho reduced their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Bank of America raised their price target on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Macquarie restated a “neutral” rating and issued a $192.00 price target on shares of Hilton Worldwide in a research report on Wednesday, April 24th. BMO Capital Markets raised their price target on shares of Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 20th. Finally, Wells Fargo & Company raised their price target on shares of Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 20th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.59.

Check Out Our Latest Analysis on Hilton Worldwide

Hilton Worldwide Company Profile

(Free Report)

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.

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

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