Assetmark Inc. Raises Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Assetmark Inc. increased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 67.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,657 shares of the company's stock after purchasing an additional 21,545 shares during the quarter. Assetmark Inc.'s holdings in Hilton Worldwide were worth $12,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HLT. Principal Financial Group Inc. increased its holdings in shares of Hilton Worldwide by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after purchasing an additional 1,429,537 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position 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 in the last quarter. Capital World Investors lifted its position in Hilton Worldwide by 66.3% during the first quarter. Capital World Investors now owns 3,127,600 shares of the company's stock valued at $667,148,000 after purchasing an additional 1,246,662 shares in 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. Finally, International Assets Investment Management LLC lifted its position in Hilton Worldwide by 23,730.1% during the third quarter. International Assets Investment Management LLC now owns 479,223 shares of the company's stock valued at $1,104,610,000 after purchasing an additional 477,212 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Laura Fuentes sold 4,919 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the sale, the insider now owns 15,949 shares of the company's stock, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Price Performance

Shares of HLT traded up $2.71 during mid-day trading on Monday, reaching $250.36. 1,212,923 shares of the company's stock traded hands, compared to its average volume of 1,562,456. The stock has a market cap of $61.03 billion, a P/E ratio of 53.14, a P/E/G ratio of 3.11 and a beta of 1.30. The stock's 50-day moving average is $230.10 and its two-hundred day moving average is $217.01. Hilton Worldwide Holdings Inc. has a 12 month low of $161.09 and a 12 month high of $252.35.

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

Hilton Worldwide Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on HLT. JPMorgan Chase & Co. lifted their target price on Hilton Worldwide from $200.00 to $216.00 and gave the company a "neutral" rating in a research report on Friday, July 19th. Evercore ISI boosted their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the company an "in-line" rating in a research report on Monday, October 21st. Robert W. Baird boosted their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on Hilton Worldwide from $185.00 to $181.00 and set a "hold" rating on the stock in a research report on Thursday, August 8th. Finally, Bank of America boosted their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $228.71.

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.