Hilton Worldwide Holdings Inc. (HLT) To Go Ex-Dividend on December 1st

Hilton Worldwide Holdings Inc. (NYSE:HLT) announced a quarterly dividend on Monday, October 26th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.15 per share on Tuesday, December 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, December 1st.

Hilton Worldwide has raised its dividend by an average of 0.3% annually over the last three years. Hilton Worldwide has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hilton Worldwide to earn $10.51 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 5.7%.

Hilton Worldwide Stock Down 1.9%

Hilton Worldwide stock opened at $345.34 on Wednesday. The firm’s 50-day moving average is $323.61 and its two-hundred day moving average is $319.94. Hilton Worldwide has a 12-month low of $253.54 and a 12-month high of $364.50.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the business posted $2.11 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, research analysts anticipate that Hilton Worldwide will post 9.09 EPS for the current fiscal year.

Insider Buying and Selling at Hilton Worldwide

In other news, Director Chris Carr sold 439 shares of Hilton Worldwide stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $310.34, for a total transaction of $136,239.26. Following the sale, the director directly owned 8,252 shares of the company’s stock, valued at approximately $2,560,925.68. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Laura Fuentes sold 7,289 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $309.81, for a total transaction of $2,258,205.09. Following the transaction, the insider owned 33,458 shares of the company’s stock, valued at approximately $10,365,622.98. The trade was a 17.89% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Hilton Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Range Advisory LLC lifted its holdings in shares of Hilton Worldwide by 4.5% in the 2nd quarter. Range Advisory LLC now owns 860 shares of the company’s stock worth $284,000 after acquiring an additional 37 shares during the last quarter. Nilsine Partners LLC raised its holdings in shares of Hilton Worldwide by 2.2% during the second quarter. Nilsine Partners LLC now owns 1,776 shares of the company’s stock valued at $587,000 after purchasing an additional 38 shares during the last quarter. North Star Investment Management Corp. lifted its stake in shares of Hilton Worldwide by 29.7% in the 3rd quarter. North Star Investment Management Corp. now owns 166 shares of the company’s stock worth $53,000 after purchasing an additional 38 shares during the period. Meiji Yasuda Life Insurance Co boosted its position in shares of Hilton Worldwide by 1.1% in the second quarter. Meiji Yasuda Life Insurance Co now owns 3,560 shares of the company’s stock worth $1,176,000 after purchasing an additional 40 shares during the period. Finally, Angeles Wealth Management LLC grew its holdings in Hilton Worldwide by 2.5% during the 2nd quarter. Angeles Wealth Management LLC now owns 1,673 shares of the company’s stock valued at $553,000 after buying an additional 41 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.