Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,147 shares of the company’s stock after selling 1,643 shares during the quarter. QRG Capital Management Inc.’s holdings in Hilton Worldwide were worth $11,379,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HLT. EdgeRock Capital LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $25,000. Independence Bank of Kentucky grew its holdings in Hilton Worldwide by 66.7% in the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at $28,000. Raleigh Capital Management Inc. increased its stake in Hilton Worldwide by 48.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after buying an additional 56 shares during the period. Finally, Pinnacle Bancorp Inc. bought a new stake in Hilton Worldwide during the first quarter worth approximately $34,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays dropped their price target on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research report on Thursday. Robert W. Baird decreased their price objective on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a research report on Thursday. Mizuho dropped their price target on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Susquehanna began coverage on Hilton Worldwide in a research report on Friday, June 21st. They issued a “neutral” rating and a $215.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $209.53.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were bought at an average price of $199.65 per share, for a total transaction of $399,300.00. Following the completion of the acquisition, the director now owns 14,938 shares of the company’s stock, valued at $2,982,371.70. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Up 0.6 %

NYSE:HLT traded up $1.28 during trading hours on Friday, hitting $206.32. 1,210,582 shares of the company traded hands, compared to its average volume of 1,601,302. The firm has a 50-day moving average of $213.05 and a 200 day moving average of $206.07. Hilton Worldwide Holdings Inc. has a twelve month low of $146.00 and a twelve month high of $229.03. The stock has a market capitalization of $51.59 billion, a price-to-earnings ratio of 44.85, a P/E/G ratio of 1.84 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. Hilton Worldwide’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 earnings per share. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.29%. Hilton Worldwide’s payout ratio is presently 13.04%.

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.