Swiss National Bank Sells 8,700 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Swiss National Bank decreased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 687,479 shares of the company’s stock after selling 8,700 shares during the period. Swiss National Bank owned 0.29% of Hilton Worldwide worth $156,436,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HLT. Fayez Sarofim & Co lifted its stake in Hilton Worldwide by 4.2% in the 1st quarter. Fayez Sarofim & Co now owns 1,392 shares of the company’s stock valued at $317,000 after purchasing an additional 56 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Hilton Worldwide by 10.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 426,698 shares of the company’s stock valued at $97,095,000 after purchasing an additional 41,054 shares during the last quarter. CenterBook Partners LP acquired a new stake in Hilton Worldwide in the 1st quarter valued at about $374,000. Headlands Technologies LLC acquired a new stake in Hilton Worldwide in the 1st quarter valued at about $178,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Hilton Worldwide by 2.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,640,712 shares of the company’s stock valued at $373,344,000 after purchasing an additional 43,575 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HLT. Evercore ISI cut their target price on shares of Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating for the company in a research note on Wednesday, April 23rd. Truist Financial boosted their price objective on Hilton Worldwide from $223.00 to $246.00 and gave the stock a “hold” rating in a report on Thursday, July 24th. Barclays reduced their price objective on Hilton Worldwide from $296.00 to $291.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Raymond James Financial boosted their price objective on Hilton Worldwide from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, Bank of America boosted their price objective on Hilton Worldwide from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $264.40.

Hilton Worldwide Trading Up 0.6%

NYSE HLT opened at $262.47 on Friday. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.46. The company has a 50 day moving average of $262.60 and a 200-day moving average of $248.26. The company has a market cap of $61.73 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.57 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.16. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the business earned $1.91 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 29th. Hilton Worldwide’s dividend payout ratio (DPR) is 9.22%.

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.