First Hawaiian Bank Cuts Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

First Hawaiian Bank reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) by 18.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,274 shares of the company’s stock after selling 501 shares during the period. First Hawaiian Bank’s holdings in Hilton Worldwide were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HLT. HighTower Advisors LLC raised its holdings in Hilton Worldwide by 9.2% during the third quarter. HighTower Advisors LLC now owns 2,969 shares of the company’s stock worth $391,000 after purchasing an additional 249 shares in the last quarter. Tudor Investment Corp Et Al purchased a new position in Hilton Worldwide during the third quarter worth about $3,656,000. LPL Financial LLC raised its holdings in Hilton Worldwide by 21.8% during the third quarter. LPL Financial LLC now owns 54,951 shares of the company’s stock worth $7,260,000 after purchasing an additional 9,844 shares in the last quarter. Voloridge Investment Management LLC grew its position in Hilton Worldwide by 4.4% during the third quarter. Voloridge Investment Management LLC now owns 32,294 shares of the company’s stock worth $4,266,000 after buying an additional 1,363 shares during the period. Finally, Two Sigma Investments LP acquired a new position in Hilton Worldwide during the third quarter worth about $918,000. 97.94% of the stock is owned by hedge funds and other institutional investors.

In other Hilton Worldwide news, insider Matthew W. Schuyler sold 3,000 shares of the stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $157.32, for a total transaction of $471,960.00. Following the transaction, the insider now owns 262,714 shares of the company’s stock, valued at $41,330,166.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Douglas M. Steenland purchased 1,967 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were bought at an average cost of $127.69 per share, for a total transaction of $251,166.23. Following the purchase, the director now owns 24,053 shares of the company’s stock, valued at $3,071,327.57. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 9,000 shares of company stock worth $1,237,980. 2.40% of the stock is owned by company insiders.

HLT stock opened at $110.52 on Friday. Hilton Worldwide Holdings Inc. has a 12 month low of $108.71 and a 12 month high of $167.99. The company’s 50 day simple moving average is $138.60 and its 200-day simple moving average is $144.60. The firm has a market capitalization of $30.76 billion, a PE ratio of 42.67 and a beta of 1.17.

Hilton Worldwide (NYSE:HLTGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. Hilton Worldwide had a net margin of 11.00% and a negative return on equity of 76.75%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the business earned $0.02 earnings per share. Hilton Worldwide’s revenue was up 96.9% compared to the same quarter last year. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 4.01 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, May 27th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 23.17%.

Several research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Hilton Worldwide in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Hilton Worldwide from $136.00 to $141.00 in a research report on Wednesday, May 4th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $155.69.

Hilton Worldwide Profile (Get Rating)

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

See Also

Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

Want More Great Investing Ideas?

Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.