First Hawaiian Bank grew its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 13.3% in the second quarter, Holdings Channel.com reports. The fund owned 2,015 shares of the company’s stock after buying an additional 236 shares during the period. First Hawaiian Bank’s holdings in Hilton Worldwide were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. Cetera Advisor Networks LLC increased its holdings in Hilton Worldwide by 7.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,473 shares of the company’s stock valued at $224,000 after buying an additional 108 shares during the period. D.A. Davidson & CO. increased its stake in Hilton Worldwide by 8.0% in the first quarter. D.A. Davidson & CO. now owns 1,499 shares of the company’s stock valued at $227,000 after acquiring an additional 111 shares during the period. Raymond James Trust N.A. raised its position in Hilton Worldwide by 22.9% in the first quarter. Raymond James Trust N.A. now owns 3,422 shares of the company’s stock worth $519,000 after purchasing an additional 637 shares in the last quarter. Synovus Financial Corp lifted its stake in Hilton Worldwide by 8.6% during the first quarter. Synovus Financial Corp now owns 6,148 shares of the company’s stock worth $932,000 after purchasing an additional 487 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Hilton Worldwide during the first quarter valued at approximately $91,000. Institutional investors and hedge funds own 94.71% of the company’s stock.
In related news, insider Kristin Ann Campbell sold 8,286 shares of Hilton Worldwide stock in a transaction on Monday, September 11th. The stock was sold at an average price of $154.03, for a total transaction of $1,276,292.58. Following the completion of the sale, the insider now directly owns 230,097 shares of the company’s stock, valued at $35,441,840.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by company insiders.
Hilton Worldwide Stock Down 0.7 %
Hilton Worldwide (NYSE:HLT – Get Free Report) last issued its earnings results on Wednesday, July 26th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.05. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Hilton Worldwide had a net margin of 13.23% and a negative return on equity of 128.71%. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 EPS. As a group, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 6.05 EPS for the current year.
Hilton Worldwide Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, August 25th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Thursday, August 24th. Hilton Worldwide’s payout ratio is 12.53%.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. StockNews.com initiated coverage on Hilton Worldwide in a research note on Thursday, August 17th. They set a “hold” rating for the company. Robert W. Baird lifted their price target on shares of Hilton Worldwide from $160.00 to $164.00 in a report on Thursday, July 27th. TD Cowen upped their price objective on shares of Hilton Worldwide from $148.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 12th. Sanford C. Bernstein lifted their target price on shares of Hilton Worldwide from $152.00 to $161.00 and gave the company a “market perform” rating in a research note on Monday, August 14th. Finally, SpectralCast restated a “maintains” rating on shares of Hilton Worldwide in a research report on Tuesday, June 27th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $156.29.
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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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