DekaBank Deutsche Girozentrale Sells 14,457 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

DekaBank Deutsche Girozentrale trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 7.8% during the second quarter, Holdings Channel.com reports. The fund owned 170,113 shares of the company’s stock after selling 14,457 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Hilton Worldwide were worth $36,411,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HLT. Principal Financial Group Inc. increased its holdings in shares of Hilton Worldwide by 2.1% during the second quarter. Principal Financial Group Inc. now owns 9,326,879 shares of the company’s stock worth $2,035,125,000 after purchasing an additional 190,429 shares during the period. JPMorgan Chase & Co. increased its position in shares of Hilton Worldwide by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after purchasing an additional 761,104 shares during the period. Putnam Investments LLC raised its stake in Hilton Worldwide by 6.0% in the fourth quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock valued at $696,680,000 after purchasing an additional 216,219 shares in the last quarter. Capital World Investors grew its stake in Hilton Worldwide by 66.3% during the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after buying an additional 1,246,662 shares in the last quarter. Finally, Norges Bank bought a new position in Hilton Worldwide in the 4th quarter valued at about $475,073,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barclays reduced their price target on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Robert W. Baird dropped their price objective on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Susquehanna initiated coverage on shares of Hilton Worldwide in a research note on Friday, June 21st. They set a “neutral” rating and a $215.00 price target for the company. Finally, Macquarie lifted their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and an average target price of $212.22.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $216.82 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $146.00 and a fifty-two week high of $229.03. The stock has a market cap of $53.43 billion, a P/E ratio of 47.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The firm’s fifty day moving average price is $214.48 and its 200-day moving average price is $209.34.

Hilton Worldwide (NYSE:HLT) last released its quarterly 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 69.65% and a net margin of 11.20%. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $1.63 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts predict that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

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

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.