Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 0.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,842,750 shares of the company's stock after selling 8,819 shares during the quarter. Geode Capital Management LLC owned approximately 2.40% of Hilton Worldwide worth $1,342,137,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. GHP Investment Advisors Inc. purchased a new stake in shares of Hilton Worldwide in the third quarter valued at about $25,000. EdgeRock Capital LLC acquired a new stake in Hilton Worldwide during the 2nd quarter valued at $33,000. Ashton Thomas Securities LLC purchased a new position in Hilton Worldwide during the third quarter worth $38,000. NewSquare Capital LLC acquired a new position in shares of Hilton Worldwide in the second quarter worth $37,000. Finally, Family Firm Inc. purchased a new stake in shares of Hilton Worldwide in the second quarter valued at $38,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT traded up $3.26 during trading on Wednesday, hitting $256.98. The company's stock had a trading volume of 1,260,756 shares, compared to its average volume of 1,541,794. Hilton Worldwide Holdings Inc. has a fifty-two week low of $175.80 and a fifty-two week high of $259.01. The stock's 50-day moving average price is $243.56 and its two-hundred day moving average price is $224.65. The company has a market capitalization of $62.65 billion, a PE ratio of 54.98, a PEG ratio of 3.25 and a beta of 1.30.

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

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. Hilton Worldwide's payout ratio is 12.88%.

Hilton Worldwide announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 14th that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

HLT has been the topic of a number of recent research reports. Melius Research restated a "hold" rating on shares of Hilton Worldwide in a report on Monday, October 21st. The Goldman Sachs Group upped their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a research note on Tuesday. Truist Financial increased their price target on Hilton Worldwide from $208.00 to $220.00 and gave the stock a "hold" rating in a research note on Thursday, October 24th. Mizuho lifted their price objective on Hilton Worldwide from $237.00 to $243.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company decreased their price target on Hilton Worldwide from $237.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide has a consensus rating of "Hold" and an average price target of $230.59.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the firm'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 sale, the insider now owns 15,949 shares of the company's stock, valued at approximately $3,460,933. This trade represents a 23.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares of the company's stock, valued at approximately $5,382,423.09. The trade was a 38.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.50% of the company's stock.

Hilton Worldwide Company Profile

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.