Russell Investments Group Ltd. Has $40 Million Stake in Hilton Worldwide Holdings Inc. $HLT

Key Points

• Russell Investments Group Ltd. reduced its stake in Hilton Worldwide by 21.4%, owning approximately $40 million worth of shares after selling 47,943 shares.
• Hilton posted better-than-expected quarterly earnings, reporting $2.20 EPS against estimates of $2.04 EPS, with revenue rising 6.3% year-over-year to $3.14 billion.
• The company announced a $0.15 quarterly dividend to be paid on September 30th, representing a 0.2% yield and a low dividend payout ratio of 9.22%.

Russell Investments Group Ltd. lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 21.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,046 shares of the company's stock after selling 47,943 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of Hilton Worldwide worth $40,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC acquired a new position in shares of Hilton Worldwide in the 1st quarter valued at $353,985,000. GAMMA Investing LLC lifted its position in shares of Hilton Worldwide by 23,543.6% during the 1st quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock worth $2,397,370,000 after buying an additional 1,049,101 shares during the period. Goldman Sachs Group Inc. boosted its stake in Hilton Worldwide by 30.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,140,782 shares of the company's stock valued at $487,135,000 after buying an additional 494,224 shares in the last quarter. SurgoCap Partners LP bought a new stake in Hilton Worldwide in the fourth quarter valued at $109,492,000. Finally, Jennison Associates LLC lifted its holdings in shares of Hilton Worldwide by 11.3% during the first quarter. Jennison Associates LLC now owns 3,784,366 shares of the company's stock valued at $861,132,000 after acquiring an additional 385,096 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock traded up $2.21 during trading on Monday, hitting $269.94. 788,914 shares of the company were exchanged, compared to its average volume of 2,022,527. The firm has a market capitalization of $63.49 billion, a P/E ratio of 41.52, a price-to-earnings-growth ratio of 2.64 and a beta of 1.26. The firm's fifty day moving average price is $264.39 and its 200 day moving average price is $248.81. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.46.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its 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. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the business posted $1.91 earnings per share. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current 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 $0.15 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide's payout ratio is currently 9.22%.

Analysts Set New Price Targets

HLT has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Evercore ISI decreased their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Truist Financial lifted their target price on shares of Hilton Worldwide from $223.00 to $246.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Raymond James Financial raised their price target on Hilton Worldwide from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Macquarie boosted their price objective on Hilton Worldwide from $240.00 to $258.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Nine analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average 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.