Chartwell Investment Partners LLC Purchases 7,583 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Chartwell Investment Partners LLC increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 35.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,756 shares of the company's stock after purchasing an additional 7,583 shares during the quarter. Chartwell Investment Partners LLC's holdings in Hilton Worldwide were worth $6,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of HLT. Principal Financial Group Inc. boosted its holdings in shares of Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after buying an additional 1,429,537 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company's stock valued at $1,715,908,000 after purchasing an additional 761,104 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Hilton Worldwide by 36.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company's stock valued at $1,037,464,000 after purchasing an additional 1,282,676 shares during the period. Capital World Investors raised its stake in shares of Hilton Worldwide by 66.3% in the first quarter. Capital World Investors now owns 3,127,600 shares of the company's stock worth $667,148,000 after buying an additional 1,246,662 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Hilton Worldwide by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company's stock valued at $614,841,000 after buying an additional 200,329 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Up 0.1 %

HLT traded up $0.24 during midday trading on Tuesday, reaching $250.60. The company's stock had a trading volume of 937,415 shares, compared to its average volume of 1,559,678. The stock has a market cap of $61.09 billion, a P/E ratio of 53.73, a PEG ratio of 3.11 and a beta of 1.30. The company has a fifty day simple moving average of $230.71 and a 200 day simple moving average of $217.34. Hilton Worldwide Holdings Inc. has a twelve month low of $161.09 and a twelve month high of $252.35.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.07. The business had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 earnings per share. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide's dividend payout ratio is 12.88%.

Analysts Set New Price Targets

HLT has been the topic of several analyst reports. Melius cut Hilton Worldwide from a "buy" rating to a "hold" rating in a research note on Monday, October 21st. Bank of America boosted their price objective on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Melius Research reiterated a "hold" rating on shares of Hilton Worldwide in a report on Monday, October 21st. Wells Fargo & Company decreased their target price on Hilton Worldwide from $237.00 to $232.00 and set an "equal weight" rating for the company in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a "neutral" rating in a research report on Friday, July 19th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $228.71.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Michael W. Duffy sold 14,357 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares of the company's stock, valued at $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the transaction, the insider now directly owns 22,833 shares in the company, valued at $5,382,423.09. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.