Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Harvest Fund Management Co. Ltd

Key Points

• Harvest Fund Management Co. Ltd reduced its stake in Hilton Worldwide Holdings by 57.7%, leaving the fund with 1,345 shares valued at $306,000 after selling 1,836 shares in the first quarter.
• Several other hedge funds have increased their holdings in Hilton, with Capital International Investors adding 142,620 shares to its position, now totaling over 7.2 million shares.
• Hilton Worldwide reported a quarterly earnings per share (EPS) of $2.20, exceeding analysts' expectations, and revealed a new $0.15 quarterly dividend, effective for shareholders on record as of August 29th.

Harvest Fund Management Co. Ltd cut its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 57.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,345 shares of the company's stock after selling 1,836 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Hilton Worldwide were worth $306,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fiduciary Trust Co increased its holdings in shares of Hilton Worldwide by 0.5% during the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock valued at $1,810,000 after acquiring an additional 38 shares in the last quarter. Apollon Wealth Management LLC boosted its position in Hilton Worldwide by 2.9% in the first quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company's stock valued at $351,000 after buying an additional 44 shares during the last quarter. First Bank & Trust boosted its position in Hilton Worldwide by 0.5% in the first quarter. First Bank & Trust now owns 10,439 shares of the company's stock valued at $2,375,000 after buying an additional 48 shares during the last quarter. CoreCap Advisors LLC boosted its position in Hilton Worldwide by 6.1% in the fourth quarter. CoreCap Advisors LLC now owns 890 shares of the company's stock valued at $220,000 after buying an additional 51 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its position in Hilton Worldwide by 5.8% in the first quarter. Catalyst Financial Partners LLC now owns 961 shares of the company's stock valued at $219,000 after buying an additional 53 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT traded down $7.29 during midday trading on Friday, reaching $260.79. 1,965,470 shares of the company's stock traded hands, compared to its average volume of 1,831,200. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.46. The company has a market cap of $61.34 billion, a P/E ratio of 40.06, a PEG ratio of 2.64 and a beta of 1.26. The company has a fifty day simple moving average of $261.36 and a two-hundred day simple moving average of $247.74.

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

Hilton Worldwide Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HLT. The Goldman Sachs Group reiterated a "neutral" rating and issued a $235.00 target price (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Truist Financial upped their target price on Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Evercore ISI dropped their target price on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd. Robert W. Baird upped their price objective on Hilton Worldwide from $276.00 to $278.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Finally, Macquarie upped their price objective on Hilton Worldwide from $240.00 to $258.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $259.19.

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.