Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.9% during the second quarter, HoldingsChannel.com reports. The fund owned 1,036,791 shares of the company’s stock after selling 8,960 shares during the quarter. Victory Capital Management Inc.’s holdings in Hilton Worldwide were worth $226,228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HLT. Independence Bank of Kentucky grew its position in Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 50 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth about $28,000. Raleigh Capital Management Inc. lifted its stake in shares of Hilton Worldwide by 48.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after acquiring an additional 56 shares in the last quarter. EdgeRock Capital LLC purchased a new position in Hilton Worldwide in the second quarter valued at about $33,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Hilton Worldwide during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Bank of America boosted their price target on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Truist Financial reduced their price objective on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Robert W. Baird lowered their target price on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Susquehanna assumed coverage on Hilton Worldwide in a research note on Friday, June 21st. They issued a “neutral” rating and a $215.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $212.22.

Hilton Worldwide Stock Up 0.8 %

Shares of NYSE HLT opened at $216.00 on Friday. The business has a fifty day simple moving average of $214.71 and a 200-day simple moving average of $208.75. The company has a market cap of $54.01 billion, a price-to-earnings ratio of 46.96, a P/E/G ratio of 2.41 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12 month low of $146.00 and a 12 month high of $229.03.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. As a group, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

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

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