Daiwa Securities Group Inc. Sells 445 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Daiwa Securities Group Inc. lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,357 shares of the company’s stock after selling 445 shares during the period. Daiwa Securities Group Inc.’s holdings in Hilton Worldwide were worth $5,969,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HLT. Independence Bank of Kentucky increased its position in shares of Hilton Worldwide by 66.7% in the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after purchasing an additional 50 shares during the period. Frazier Financial Advisors LLC acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at approximately $28,000. Raleigh Capital Management Inc. lifted its holdings in shares of Hilton Worldwide by 48.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock worth $31,000 after acquiring an additional 56 shares during the period. EdgeRock Capital LLC acquired a new stake in shares of Hilton Worldwide during the 2nd quarter worth approximately $33,000. Finally, Pinnacle Bancorp Inc. bought a new position in Hilton Worldwide in the first quarter valued at approximately $34,000. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Trading Up 0.4 %

NYSE HLT opened at $211.58 on Thursday. The firm has a market capitalization of $52.14 billion, a PE ratio of 46.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The business’s 50-day moving average price is $214.43 and its two-hundred day moving average price is $209.16. 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, beating analysts’ consensus estimates of $1.86 by $0.05. The business had revenue of $2.95 billion during 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 for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 EPS. As a group, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors 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 annualized dividend and a yield of 0.28%. Hilton Worldwide’s payout ratio is 13.04%.

Analyst Ratings Changes

HLT has been the subject of several recent analyst reports. Bank of America raised their target price on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Susquehanna began coverage on Hilton Worldwide in a research report on Friday, June 21st. They issued a “neutral” rating and a $215.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $212.22.

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.