Kayne Anderson Rudnick Investment Management LLC Sells 216 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.1% during the 2nd quarter, Holdings Channel reports. The fund owned 9,944 shares of the company’s stock after selling 216 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Hilton Worldwide were worth $2,170,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in Hilton Worldwide during the first quarter valued at approximately $2,792,000. AIA Group Ltd raised its position in shares of Hilton Worldwide by 43.4% in the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock worth $3,008,000 after acquiring an additional 4,265 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Hilton Worldwide by 3.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock worth $29,375,000 after purchasing an additional 4,677 shares during the last quarter. PGGM Investments boosted its position in Hilton Worldwide by 337.6% during the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock valued at $3,137,000 after purchasing an additional 11,092 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Hilton Worldwide by 25.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock valued at $13,219,000 after purchasing an additional 12,740 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

HLT has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Robert W. Baird reduced their price target on Hilton Worldwide from $216.00 to $215.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Finally, Macquarie upped their target price on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $213.95.

Hilton Worldwide Price Performance

NYSE:HLT opened at $224.67 on Tuesday. The company’s fifty day moving average price is $214.96 and its 200-day moving average price is $210.16. Hilton Worldwide Holdings Inc. has a 1-year low of $146.00 and a 1-year high of $229.03. The firm has a market capitalization of $56.18 billion, a P/E ratio of 48.84, a PEG ratio of 2.32 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business posted $1.63 EPS. The company’s revenue was up 10.9% on a year-over-year basis. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. Hilton Worldwide’s payout ratio is 13.04%.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

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.