Nisa Investment Advisors LLC Cuts Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Nisa Investment Advisors LLC cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,716 shares of the company’s stock after selling 953 shares during the period. Nisa Investment Advisors LLC’s holdings in Hilton Worldwide were worth $4,957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC grew its stake in Hilton Worldwide by 64.8% during the fourth quarter. Cerity Partners LLC now owns 4,284 shares of the company’s stock valued at $780,000 after acquiring an additional 1,684 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at about $274,000. abrdn plc increased its holdings in shares of Hilton Worldwide by 20.7% in the fourth quarter. abrdn plc now owns 332,035 shares of the company’s stock worth $60,460,000 after purchasing an additional 56,835 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Hilton Worldwide by 26.1% in the fourth quarter. Lindbrook Capital LLC now owns 2,849 shares of the company’s stock worth $519,000 after buying an additional 590 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Hilton Worldwide by 17.6% during the fourth quarter. Signaturefd LLC now owns 7,568 shares of the company’s stock valued at $1,378,000 after buying an additional 1,131 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Price Performance

Shares of HLT opened at $214.55 on Tuesday. The firm has a market capitalization of $53.65 billion, a price-to-earnings ratio of 46.64, a PEG ratio of 1.84 and a beta of 1.31. The company has a 50-day moving average of $213.99 and a 200 day moving average of $206.90. Hilton Worldwide Holdings Inc. has a 1-year low of $146.00 and a 1-year high of $229.03.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the previous year, the company posted $1.63 EPS. Hilton Worldwide’s revenue was up 10.9% on a year-over-year basis. On average, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date is Friday, August 23rd. Hilton Worldwide’s payout ratio is 13.04%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Robert W. Baird reduced their price objective on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Truist Financial dropped their price objective on shares of Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Bank of America boosted their target price on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Mizuho lowered their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $212.22.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the purchase, the director now owns 14,938 shares in the company, valued at $2,982,371.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

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 economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.