Victory Capital Management Inc. reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 850,931 shares of the company’s stock after selling 36,240 shares during the period. Victory Capital Management Inc. owned about 0.26% of Hilton Worldwide Holdings worth $52,630,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HLT. Cadence Capital Management LLC increased its stake in shares of Hilton Worldwide Holdings by 0.3% in the second quarter. Cadence Capital Management LLC now owns 5,649 shares of the company’s stock valued at $349,000 after buying an additional 19 shares during the last quarter. Aperio Group LLC increased its stake in shares of Hilton Worldwide Holdings by 0.3% in the second quarter. Aperio Group LLC now owns 33,514 shares of the company’s stock valued at $2,073,000 after buying an additional 110 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Hilton Worldwide Holdings by 1.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 37,128 shares of the company’s stock valued at $2,296,000 after buying an additional 524 shares during the last quarter. Shell Asset Management Co. increased its stake in shares of Hilton Worldwide Holdings by 5.7% in the second quarter. Shell Asset Management Co. now owns 11,935 shares of the company’s stock valued at $738,000 after buying an additional 639 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Hilton Worldwide Holdings by 51.7% in the second quarter. Creative Planning now owns 3,723 shares of the company’s stock valued at $230,000 after buying an additional 1,269 shares during the last quarter. Hedge funds and other institutional investors own 99.27% of the company’s stock.

Shares of Hilton Worldwide Holdings Inc. (HLT) opened at 63.17 on Tuesday. The stock has a market capitalization of $20.48 billion, a PE ratio of 526.42 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 52 week low of $45.32 and a 52 week high of $67.79. The company has a 50-day moving average price of $62.28 and a 200 day moving average price of $61.05.

Hilton Worldwide Holdings (NYSE:HLT) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Hilton Worldwide Holdings had a return on equity of 19.65% and a net margin of 0.39%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. Equities analysts forecast that Hilton Worldwide Holdings Inc. will post $1.84 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 18th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, August 16th. Hilton Worldwide Holdings’s payout ratio is currently 461.33%.

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Several brokerages have weighed in on HLT. UBS AG boosted their price objective on Hilton Worldwide Holdings from $64.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. TheStreet cut Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a research note on Friday, June 30th. Zacks Investment Research raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Tuesday, July 11th. BidaskClub raised Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Telsey Advisory Group boosted their target price on Hilton Worldwide Holdings from $57.00 to $61.00 and gave the company a “market perform” rating in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $71.89.

About Hilton Worldwide Holdings

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

Institutional Ownership by Quarter for Hilton Worldwide Holdings (NYSE:HLT)

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