Moors & Cabot Inc. Sells 1,690 Shares of Hilton Worldwide Holdings Inc. (HLT)

Moors & Cabot Inc. cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 25.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,895 shares of the company’s stock after selling 1,690 shares during the quarter. Moors & Cabot Inc.’s holdings in Hilton Worldwide Holdings were worth $302,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLT. Marshall Wace North America L.P. purchased a new stake in shares of Hilton Worldwide Holdings in the second quarter valued at about $2,405,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Hilton Worldwide Holdings by 131.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 743,199 shares of the company’s stock valued at $45,967,000 after acquiring an additional 421,910 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Hilton Worldwide Holdings by 10.6% in the second quarter. Principal Financial Group Inc. now owns 3,443,710 shares of the company’s stock valued at $212,994,000 after acquiring an additional 329,412 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Hilton Worldwide Holdings by 540.5% in the second quarter. Alliancebernstein L.P. now owns 1,027,871 shares of the company’s stock valued at $63,574,000 after acquiring an additional 867,400 shares in the last quarter. Finally, Andra AP fonden boosted its holdings in shares of Hilton Worldwide Holdings by 436.2% in the second quarter. Andra AP fonden now owns 21,800 shares of the company’s stock valued at $1,348,000 after acquiring an additional 17,734 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

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In other Hilton Worldwide Holdings news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total transaction of $1,077,851,654.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Hilton Worldwide Holdings Inc. (HLT) traded up 0.47% during mid-day trading on Friday, reaching $70.71. 133,266 shares of the company were exchanged. Hilton Worldwide Holdings Inc. has a 12 month low of $44.73 and a 12 month high of $70.80. The stock has a market capitalization of $22.93 billion, a P/E ratio of 589.25 and a beta of 1.30. The company’s 50 day moving average price is $66.92 and its 200-day moving average price is $63.25.

Hilton Worldwide Holdings (NYSE:HLT) last released its earnings results on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. Hilton Worldwide Holdings’s quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the company earned $0.25 EPS. On average, equities analysts expect that Hilton Worldwide Holdings Inc. will post $1.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, August 18th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.60 annualized dividend and a yield of 0.85%. Hilton Worldwide Holdings’s payout ratio is 461.33%.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, July 11th. TheStreet downgraded shares of Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a report on Friday, June 30th. BidaskClub raised shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Telsey Advisory Group lifted their target price on shares of Hilton Worldwide Holdings from $61.00 to $67.00 and gave the company a “market perform” rating in a report on Wednesday, July 26th. Finally, Berenberg Bank raised shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating and lifted their target price for the company from $47.00 to $65.00 in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Hilton Worldwide Holdings currently has an average rating of “Buy” and an average price target of $71.31.

About Hilton Worldwide Holdings

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

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

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