Nordea Investment Management AB Purchases 89,355 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Nordea Investment Management AB boosted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,605,612 shares of the company’s stock after purchasing an additional 89,355 shares during the period. Nordea Investment Management AB’s holdings in Hilton Worldwide were worth $233,119,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLT. VitalStone Financial LLC raised its stake in Hilton Worldwide by 115.4% in the 1st quarter. VitalStone Financial LLC now owns 224 shares of the company’s stock valued at $35,000 after acquiring an additional 120 shares during the period. BOKF NA acquired a new position in Hilton Worldwide in the 1st quarter valued at about $34,000. Clear Street Markets LLC acquired a new stake in Hilton Worldwide during the fourth quarter worth approximately $34,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $45,000. Finally, Arlington Partners LLC bought a new position in shares of Hilton Worldwide during the first quarter worth approximately $56,000. Institutional investors own 94.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on HLT shares. TD Cowen increased their price objective on Hilton Worldwide from $148.00 to $164.00 and gave the stock an “outperform” rating in a research report on Tuesday. Barclays boosted their price objective on shares of Hilton Worldwide from $166.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, July 21st. Robert W. Baird lifted their price target on shares of Hilton Worldwide from $160.00 to $164.00 in a research report on Thursday, July 27th. Wells Fargo & Company increased their price target on Hilton Worldwide from $151.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Friday, July 21st. Finally, SpectralCast reiterated a “maintains” rating on shares of Hilton Worldwide in a research report on Tuesday, June 27th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and an average price target of $156.00.

Hilton Worldwide Trading Down 0.1 %

Hilton Worldwide stock traded down $0.11 during mid-day trading on Friday, reaching $156.04. The company had a trading volume of 220,666 shares, compared to its average volume of 1,684,633. The business has a fifty day simple moving average of $151.49 and a 200 day simple moving average of $145.20. The company has a market cap of $40.81 billion, a P/E ratio of 32.60, a P/E/G ratio of 1.48 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a fifty-two week low of $116.39 and a fifty-two week high of $157.14.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.05. Hilton Worldwide had a negative return on equity of 128.71% and a net margin of 13.23%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the company posted $1.29 EPS. Hilton Worldwide’s quarterly revenue was up 18.8% compared to the same quarter last year. Research analysts forecast that Hilton Worldwide Holdings Inc. will post 6.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 25th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $0.60 annualized dividend and a yield of 0.38%. Hilton Worldwide’s dividend payout ratio is presently 12.53%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Kristin Ann Campbell sold 8,286 shares of Hilton Worldwide stock in a transaction on Monday, September 11th. The shares were sold at an average price of $154.03, for a total transaction of $1,276,292.58. Following the transaction, the insider now owns 230,097 shares in the company, valued at $35,441,840.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Hilton Worldwide Company 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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.