AIA Group Ltd grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 16.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,202 shares of the company's stock after purchasing an additional 2,924 shares during the quarter. AIA Group Ltd's holdings in Hilton Worldwide were worth $4,657,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its stake in shares of Hilton Worldwide by 0.5% in the third quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company's stock valued at $1,946,000 after acquiring an additional 44 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Hilton Worldwide by 4.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company's stock valued at $269,000 after purchasing an additional 46 shares in the last quarter. Graypoint LLC boosted its stake in shares of Hilton Worldwide by 2.6% in the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company's stock valued at $431,000 after buying an additional 47 shares during the period. Meadow Creek Wealth Advisors LLC grew its position in shares of Hilton Worldwide by 4.2% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company's stock worth $273,000 after buying an additional 48 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in Hilton Worldwide by 1.5% in the first quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company's stock valued at $771,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.
Hilton Worldwide Trading Up 0.6 %
Shares of NYSE:HLT traded up $1.42 during midday trading on Friday, hitting $247.65. The stock had a trading volume of 2,226,115 shares, compared to its average volume of 1,563,300. The company has a market capitalization of $60.37 billion, a PE ratio of 52.83, a P/E/G ratio of 2.93 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 1 year low of $156.28 and a 1 year high of $249.36. The stock has a 50 day moving average price of $228.97 and a two-hundred day moving average price of $216.21.
Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.07. The company had revenue of $2.87 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 EPS. As a group, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.
Hilton Worldwide Announces Dividend
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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. Hilton Worldwide's payout ratio is currently 12.88%.
Insider Transactions at Hilton Worldwide
In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Laura Fuentes sold 4,919 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following 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 position. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on HLT shares. JPMorgan Chase & Co. increased their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a "neutral" rating in a research report on Friday, July 19th. Macquarie increased their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. The Goldman Sachs Group assumed coverage on Hilton Worldwide in a report on Wednesday, September 18th. They issued a "buy" rating and a $245.00 price target for the company. Mizuho boosted their price objective on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Barclays dropped their target price on shares of Hilton Worldwide from $244.00 to $243.00 and set an "overweight" rating on the stock in a research report on Thursday, October 24th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide has an average rating of "Hold" and an average price target of $228.71.
Read Our Latest Research Report on HLT
Hilton Worldwide Profile
(
Free Report)
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.
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