Hilton Worldwide Holdings Inc. (NYSE:HLT) Plans Quarterly Dividend of $0.15

Hilton Worldwide Holdings Inc. (NYSE:HLT) announced a quarterly dividend on Monday, October 26th. Shareholders 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 yield of 0.2%. The ex-dividend date is Tuesday, December 1st.

Hilton Worldwide has increased its dividend payment by an average of 0.3% annually over the last three years. Hilton Worldwide has a payout ratio of 6.7% meaning 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 Trading Down 1.9%

Shares of HLT opened at $345.34 on Wednesday. Hilton Worldwide has a 52 week low of $253.54 and a 52 week high of $364.50. The stock has a 50 day moving average of $323.61 and a 200-day moving average of $319.94.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $2.11 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Analysts expect that Hilton Worldwide will post 9.09 earnings per share for the current fiscal year.

Insider Transactions at Hilton Worldwide

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Hilton Worldwide in the second quarter valued at $6,271,258,000. Bank of America Corp DE bought a new position in Hilton Worldwide in the 2nd quarter valued at $1,733,669,000. Jupiter Topco LLC acquired a new stake in shares of Hilton Worldwide in the 2nd quarter valued at $663,882,000. Bank of New York Mellon Corp acquired a new stake in shares of Hilton Worldwide in the 2nd quarter valued at $437,227,000. Finally, Legal & General Group Plc bought a new stake in shares of Hilton Worldwide during the second quarter worth $389,475,000. 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.