LA Financiere DE L Echiquier Sells 42,286 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

LA Financiere DE L Echiquier lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) by 13.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 264,991 shares of the company’s stock after selling 42,286 shares during the quarter. Hilton Worldwide makes up approximately 1.7% of LA Financiere DE L Echiquier’s investment portfolio, making the stock its 27th largest position. LA Financiere DE L Echiquier owned approximately 0.09% of Hilton Worldwide worth $40,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLT. Russell Investments Group Ltd. increased its holdings in shares of Hilton Worldwide by 59.2% during the 1st quarter. Russell Investments Group Ltd. now owns 150,870 shares of the company’s stock worth $22,925,000 after acquiring an additional 56,099 shares during the last quarter. Oak Harvest Investment Services boosted its position in Hilton Worldwide by 8.7% during the first quarter. Oak Harvest Investment Services now owns 42,247 shares of the company’s stock worth $6,411,000 after purchasing an additional 3,373 shares during the period. Aptus Capital Advisors LLC increased its holdings in shares of Hilton Worldwide by 16.9% in the first quarter. Aptus Capital Advisors LLC now owns 28,800 shares of the company’s stock valued at $4,370,000 after purchasing an additional 4,158 shares during the last quarter. Advisor Group Holdings Inc. raised its position in shares of Hilton Worldwide by 12.0% in the first quarter. Advisor Group Holdings Inc. now owns 37,439 shares of the company’s stock valued at $5,149,000 after purchasing an additional 4,016 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Hilton Worldwide by 45.7% during the 1st quarter. Victory Capital Management Inc. now owns 2,207,879 shares of the company’s stock worth $335,402,000 after buying an additional 692,486 shares during the period. Institutional investors own 97.94% of the company’s stock.

Insider Activity

In related news, insider Matthew W. Schuyler sold 3,000 shares of the firm’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $120.00, for a total transaction of $360,000.00. Following the completion of the transaction, the insider now directly owns 253,714 shares of the company’s stock, valued at approximately $30,445,680. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Matthew W. Schuyler sold 3,000 shares of the business’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $120.00, for a total value of $360,000.00. Following the transaction, the insider now owns 253,714 shares in the company, valued at $30,445,680. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Douglas M. Steenland purchased 1,967 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were purchased at an average cost of $127.69 per share, for a total transaction of $251,166.23. Following the transaction, the director now directly owns 24,053 shares of the company’s stock, valued at approximately $3,071,327.57. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 9,000 shares of company stock valued at $1,126,020. Insiders own 2.40% of the company’s stock.

Hilton Worldwide Price Performance

HLT stock traded down $1.03 during trading on Thursday, reaching $128.22. 36,177 shares of the company were exchanged, compared to its average volume of 2,544,327. The company has a market capitalization of $35.69 billion, a price-to-earnings ratio of 49.56 and a beta of 1.24. The company has a 50-day moving average of $123.42 and a two-hundred day moving average of $139.14. Hilton Worldwide Holdings Inc. has a twelve month low of $108.41 and a twelve month high of $167.99.

Hilton Worldwide (NYSE:HLTGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.24. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Hilton Worldwide had a negative return on equity of 76.75% and a net margin of 11.00%. Hilton Worldwide’s revenue was up 68.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS. On average, analysts forecast that Hilton Worldwide Holdings Inc. will post 3.98 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, August 26th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Thursday, August 25th. Hilton Worldwide’s payout ratio is 23.17%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HLT. Barclays began coverage on shares of Hilton Worldwide in a research report on Tuesday, June 28th. They set an “equal weight” rating and a $125.00 price objective for the company. Cowen decreased their price objective on Hilton Worldwide to $130.00 in a report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on Hilton Worldwide from $141.00 to $120.00 in a report on Thursday. Evercore ISI upgraded shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating and decreased their price target for the company from $155.00 to $150.00 in a research note on Monday, July 11th. Finally, Robert W. Baird lifted their price objective on shares of Hilton Worldwide from $154.00 to $156.00 and gave the stock a “maintains” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and an average price target of $150.82.

Hilton Worldwide Company Profile

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Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

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

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