Savoir Faire Capital Management L.P. Sells 2,730 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Savoir Faire Capital Management L.P. reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 10.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,436 shares of the company’s stock after selling 2,730 shares during the quarter. Hilton Worldwide comprises approximately 1.9% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 24th largest position. Savoir Faire Capital Management L.P.’s holdings in Hilton Worldwide were worth $4,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Gilbert & Cook Inc. boosted its holdings in Hilton Worldwide by 7.1% in the fourth quarter. Gilbert & Cook Inc. now owns 6,521 shares of the company’s stock worth $1,187,000 after acquiring an additional 433 shares in the last quarter. Gryphon Financial Partners LLC raised its position in shares of Hilton Worldwide by 168.4% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,994 shares of the company’s stock worth $909,000 after purchasing an additional 3,133 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Hilton Worldwide by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 29,824 shares of the company’s stock worth $5,431,000 after purchasing an additional 76 shares in the last quarter. Independent Advisor Alliance grew its position in Hilton Worldwide by 29.3% during the 4th quarter. Independent Advisor Alliance now owns 1,861 shares of the company’s stock valued at $339,000 after purchasing an additional 422 shares during the last quarter. Finally, ING Groep NV increased its stake in Hilton Worldwide by 25.2% during the 4th quarter. ING Groep NV now owns 35,107 shares of the company’s stock valued at $6,393,000 after purchasing an additional 7,076 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HLT. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Barclays lowered their price objective on Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Susquehanna assumed coverage on Hilton Worldwide in a report on Friday, June 21st. They issued a “neutral” rating and a $215.00 target price for the company. Bank of America upped their price target on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus target price of $212.22.

Hilton Worldwide Trading Up 0.6 %

Shares of NYSE HLT opened at $218.10 on Tuesday. Hilton Worldwide Holdings Inc. has a 12-month low of $146.00 and a 12-month high of $229.03. The firm has a market capitalization of $53.75 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The firm has a 50 day moving average of $214.55 and a 200 day moving average of $209.48.

Hilton Worldwide (NYSE:HLT) last issued 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. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Sell-side analysts predict 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 will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is currently 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.