Meiji Yasuda Asset Management Co Ltd. Has $1.22 Million Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Meiji Yasuda Asset Management Co Ltd. lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.3% during the second quarter, Holdings Channel reports. The firm owned 5,569 shares of the company’s stock after selling 312 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Hilton Worldwide were worth $1,215,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HLT. Independence Bank of Kentucky lifted its holdings 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 buying an additional 50 shares during the period. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide in the 2nd quarter valued at about $33,000. Frazier Financial Advisors LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $28,000. Pinnacle Bancorp Inc. acquired a new stake in Hilton Worldwide during the first quarter worth approximately $34,000. Finally, Manchester Capital Management LLC grew its stake in Hilton Worldwide by 247.8% during the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after purchasing an additional 114 shares during the period. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Price Performance

NYSE:HLT opened at $225.54 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $146.00 and a 1 year high of $229.03. The business has a fifty day simple moving average of $214.85 and a two-hundred day simple moving average of $209.78. The company has a market capitalization of $56.40 billion, a P/E ratio of 49.03, a P/E/G ratio of 2.32 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating 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 company’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 earnings per share. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently declared 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Friday, August 23rd. Hilton Worldwide’s payout ratio is currently 13.04%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HLT shares. Truist Financial cut their price target on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Robert W. Baird reduced their price target on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Macquarie upped their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research note on Wednesday. They issued a “buy” rating and a $245.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and an average price target of $213.95.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is currently owned by corporate insiders.

Hilton Worldwide Company 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.