Janney Montgomery Scott LLC Cuts Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Janney Montgomery Scott LLC lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 12.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,244 shares of the company's stock after selling 3,568 shares during the period. Janney Montgomery Scott LLC's holdings in Hilton Worldwide were worth $6,049,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV grew its stake in shares of Hilton Worldwide by 4.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company's stock worth $269,000 after acquiring an additional 46 shares during the period. Meadow Creek Wealth Advisors LLC boosted its position in 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 purchasing an additional 48 shares during the period. EP Wealth Advisors LLC increased its stake in shares of Hilton Worldwide by 1.5% in the first quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company's stock worth $771,000 after purchasing an additional 54 shares in the last quarter. AA Financial Advisors LLC raised its position in shares of Hilton Worldwide by 4.0% in the second quarter. AA Financial Advisors LLC now owns 1,434 shares of the company's stock valued at $313,000 after purchasing an additional 55 shares during the period. Finally, Lake Street Advisors Group LLC lifted its stake in shares of Hilton Worldwide by 3.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 1,537 shares of the company's stock valued at $354,000 after buying an additional 56 shares in the last quarter. Institutional investors own 95.90% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Melius Research reissued a "hold" rating on shares of Hilton Worldwide in a report on Monday, October 21st. Melius cut shares of Hilton Worldwide from a "buy" rating to a "hold" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. boosted their price target 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. Truist Financial increased their price objective on Hilton Worldwide from $208.00 to $220.00 and gave the stock a "hold" rating in a research report on Thursday, October 24th. Finally, Evercore ISI boosted their target price on Hilton Worldwide from $210.00 to $240.00 and gave the stock an "in-line" rating in a research report on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of "Hold" and a consensus target price of $228.71.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Michael W. Duffy sold 14,357 shares of the firm'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 sale, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Laura Fuentes sold 4,919 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the company'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 transaction of $3,384,375.61. Following the sale, the insider now directly owns 22,833 shares of the company's stock, valued at approximately $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Stock Performance

Shares of NYSE HLT traded up $1.42 during trading hours on Friday, hitting $247.65. The company's stock had a trading volume of 2,392,593 shares, compared to its average volume of 1,404,231. Hilton Worldwide Holdings Inc. has a 12 month low of $156.28 and a 12 month high of $249.36. The stock has a market cap of $60.37 billion, a price-to-earnings ratio of 53.14, a P/E/G ratio of 3.10 and a beta of 1.30. The business has a 50-day simple moving average of $230.10 and a 200-day simple moving average of $216.79.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.07. The company 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%. The firm's revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Dividend Announcement

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

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.