Pelham Capital Ltd. Purchases 10,703 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Pelham Capital Ltd. increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 160,629 shares of the company’s stock after purchasing an additional 10,703 shares during the period. Hilton Worldwide accounts for 22.1% of Pelham Capital Ltd.’s investment portfolio, making the stock its biggest position. Pelham Capital Ltd. owned about 0.06% of Hilton Worldwide worth $37,025,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its stake in shares of Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after purchasing an additional 1,282,676 shares in the last quarter. Capital World Investors raised its stake in shares of Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after acquiring an additional 1,246,662 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Hilton Worldwide by 10.5% during the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after acquiring an additional 761,104 shares in the last quarter. PineStone Asset Management Inc. purchased a new stake in Hilton Worldwide during the 2nd quarter worth $98,607,000. Finally, Fiera Capital Corp increased its holdings in Hilton Worldwide by 6,417.6% in the 2nd quarter. Fiera Capital Corp now owns 442,869 shares of the company’s stock valued at $96,634,000 after purchasing an additional 436,074 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 0.1 %

Shares of NYSE:HLT traded up $0.34 during trading on Friday, hitting $238.81. 1,238,314 shares of the company traded hands, compared to its average volume of 1,560,378. Hilton Worldwide Holdings Inc. has a one year low of $146.36 and a one year high of $240.00. The business’s fifty day moving average is $222.71 and its 200-day moving average is $213.39. The stock has a market capitalization of $59.71 billion, a price-to-earnings ratio of 51.92, a PEG ratio of 2.60 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 for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the company earned $1.63 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 23rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Friday, August 23rd. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays raised their target price on Hilton Worldwide from $224.00 to $244.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird set a $235.00 price target on shares of Hilton Worldwide in a report on Thursday. Susquehanna began coverage on shares of Hilton Worldwide in a research report on Friday, June 21st. They issued a “neutral” rating and a $215.00 price objective for the company. Macquarie boosted their price target on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.05.

Hilton Worldwide Company 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 economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.