Cwm LLC Grows Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Cwm LLC grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,890 shares of the company’s stock after buying an additional 294 shares during the quarter. Cwm LLC’s holdings in Hilton Worldwide were worth $1,588,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Hilton Worldwide by 2.1% in the 2nd quarter. Principal Financial Group Inc. now owns 9,326,879 shares of the company’s stock worth $2,035,125,000 after acquiring an additional 190,429 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Hilton Worldwide by 36.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after purchasing an additional 1,282,676 shares during the period. Capital World Investors lifted its stake in shares of Hilton Worldwide by 66.3% during the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after buying an additional 1,246,662 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Hilton Worldwide by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock worth $614,841,000 after buying an additional 200,329 shares during the period. Institutional investors own 95.90% of the company’s stock.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

HLT has been the topic of several research analyst reports. Bank of America boosted their price objective on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. upped their price target on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Robert W. Baird reduced their price objective on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Barclays dropped their target price on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Susquehanna initiated coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They issued a “neutral” rating and a $215.00 price target on the stock. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $213.95.

Hilton Worldwide Stock Performance

NYSE HLT opened at $236.28 on Wednesday. The business’s 50 day moving average price is $220.71 and its 200-day moving average price is $212.86. Hilton Worldwide Holdings Inc. has a fifty-two week low of $146.36 and a fifty-two week high of $239.25. The company has a market cap of $59.08 billion, a P/E ratio of 51.37, a P/E/G ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share 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 business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. As a group, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 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.