Sustainable Insight Capital Management LLC Makes New $4.02 Million Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sustainable Insight Capital Management LLC acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the second quarter, according to its most recent filing with the SEC. The fund acquired 18,400 shares of the company’s stock, valued at approximately $4,015,000. Hilton Worldwide accounts for approximately 2.0% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of HLT. Quadrature Capital Ltd bought a new position in Hilton Worldwide in the 1st quarter worth about $2,792,000. AIA Group Ltd increased its holdings in shares of Hilton Worldwide by 43.4% in the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock worth $3,008,000 after buying an additional 4,265 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Hilton Worldwide by 3.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock valued at $29,375,000 after buying an additional 4,677 shares in the last quarter. PGGM Investments lifted its holdings in shares of Hilton Worldwide by 337.6% during the 2nd quarter. PGGM Investments now owns 14,378 shares of the company’s stock worth $3,137,000 after acquiring an additional 11,092 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Hilton Worldwide by 25.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock valued at $13,219,000 after acquiring an additional 12,740 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Price Performance

Shares of HLT opened at $213.19 on Friday. The company has a 50-day simple moving average of $214.61 and a two-hundred day simple moving average of $208.86. The firm has a market capitalization of $53.31 billion, a PE ratio of 46.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a one year low of $146.00 and a one year high of $229.03.

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

Hilton Worldwide Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HLT shares. Bank of America upped their price objective on Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Robert W. Baird lowered their price objective on shares of Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Macquarie increased their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Finally, Truist Financial reduced their price objective on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Hilton Worldwide has an average rating of “Hold” and a consensus target price 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.