Sustainable Insight Capital Management LLC Acquires New Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sustainable Insight Capital Management LLC purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 18,400 shares of the company’s stock, valued at approximately $4,015,000. Hilton Worldwide comprises 2.0% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds have also bought and sold shares of the company. Independence Bank of Kentucky lifted its position in shares of Hilton Worldwide by 66.7% during the 1st quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after acquiring an additional 50 shares during the period. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide during the second quarter valued at about $33,000. Frazier Financial Advisors LLC bought a new position in shares of Hilton Worldwide during the 4th quarter worth about $28,000. Pinnacle Bancorp Inc. bought a new position in shares of Hilton Worldwide during the 1st quarter worth about $34,000. Finally, Manchester Capital Management LLC grew its stake in shares of Hilton Worldwide by 247.8% in the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after buying an additional 114 shares during the period. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Trading Down 1.3 %

Shares of HLT opened at $213.19 on Friday. The stock has a 50 day moving average of $214.61 and a 200 day moving average of $208.86. Hilton Worldwide Holdings Inc. has a 12 month low of $146.00 and a 12 month high of $229.03. The company has a market capitalization of $53.31 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 2.41 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $1.63 EPS. As a group, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Friday, August 23rd. Hilton Worldwide’s payout ratio is 13.04%.

Analyst Ratings Changes

Several brokerages have issued reports on HLT. Robert W. Baird cut their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Truist Financial cut their target price on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Susquehanna began coverage on shares of Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $212.22.

Hilton Worldwide 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.