Gulf International Bank UK Ltd Sells 4,683 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Gulf International Bank UK Ltd reduced its position in Hilton Worldwide Holdings Inc. by 24.5% in the first quarter, now owning 14,399 shares valued at $3,276,000.
• Several other institutional investors have increased their stakes in Hilton Worldwide, including ORG Partners LLC, which grew its holdings by 78.7%, now owning 168 shares valued at $38,000.
• Hilton Worldwide's stock is rated as a "Moderate Buy" with a consensus price target of $264.40, and the company recently reported strong earnings, beating estimates with a $2.20 EPS for the quarter.

Gulf International Bank UK Ltd cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 24.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,399 shares of the company's stock after selling 4,683 shares during the period. Gulf International Bank UK Ltd's holdings in Hilton Worldwide were worth $3,276,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Nuveen LLC bought a new position in Hilton Worldwide during the 1st quarter valued at about $353,985,000. GAMMA Investing LLC grew its holdings in Hilton Worldwide by 23,543.6% during the 1st quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock valued at $2,397,370,000 after purchasing an additional 1,049,101 shares during the last quarter. Marshall Wace LLP grew its holdings in Hilton Worldwide by 426.9% during the 4th quarter. Marshall Wace LLP now owns 762,261 shares of the company's stock valued at $188,400,000 after purchasing an additional 617,604 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Hilton Worldwide by 30.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,140,782 shares of the company's stock valued at $487,135,000 after purchasing an additional 494,224 shares during the last quarter. Finally, SurgoCap Partners LP bought a new position in Hilton Worldwide during the 4th quarter valued at about $109,492,000. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Trading Down 0.9%

Shares of HLT traded down $2.54 during mid-day trading on Friday, hitting $267.80. The company's stock had a trading volume of 1,699,130 shares, compared to its average volume of 1,869,087. The company's 50-day moving average is $264.39 and its 200-day moving average is $248.86. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $279.46. The firm has a market capitalization of $62.98 billion, a price-to-earnings ratio of 41.14, a PEG ratio of 2.64 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.16. The firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.09 billion. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The company's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.91 EPS. As a group, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 29th. Hilton Worldwide's payout ratio is 9.22%.

Wall Street Analyst Weigh In

HLT has been the topic of several analyst reports. Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Barclays cut their price target on shares of Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Evercore ISI lowered their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley lowered their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a research report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Hilton Worldwide has a consensus rating of "Moderate Buy" and an average price target of $264.40.

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.