Victory Capital Management Inc. Cuts Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Victory Capital Management Inc. lowered its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 17.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 858,535 shares of the company's stock after selling 178,256 shares during the period. Victory Capital Management Inc. owned approximately 0.35% of Hilton Worldwide worth $197,892,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. acquired a new position in Hilton Worldwide during the 3rd quarter worth $25,000. EdgeRock Capital LLC purchased a new stake in shares of Hilton Worldwide during the second quarter worth approximately $33,000. Ashton Thomas Securities LLC acquired a new stake in Hilton Worldwide in the third quarter valued at approximately $38,000. NewSquare Capital LLC purchased a new position in Hilton Worldwide in the second quarter worth approximately $37,000. Finally, Family Firm Inc. acquired a new position in Hilton Worldwide during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Insider Buying and Selling at Hilton Worldwide

In other 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 sale, the insider now directly owns 22,833 shares in the company, valued at $5,382,423.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 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 directly owns 15,949 shares of the company's stock, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $3,384,375.61. Following the completion of the sale, the insider now owns 22,833 shares of the company's stock, valued at approximately $5,382,423.09. The trade was 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 insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HLT. Barclays decreased their price objective on shares of Hilton Worldwide from $244.00 to $243.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group began coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They set a "buy" rating and a $245.00 price objective for the company. Macquarie raised their target price on Hilton Worldwide from $205.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. TD Cowen reduced their price target on shares of Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Finally, Melius cut shares of Hilton Worldwide from a "buy" rating to a "hold" rating in a research note on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of "Hold" and a consensus target price of $228.71.

Hilton Worldwide Stock Performance

NYSE:HLT traded up $0.29 during mid-day trading on Tuesday, hitting $250.65. 963,927 shares of the company's stock traded hands, compared to its average volume of 1,559,796. Hilton Worldwide Holdings Inc. has a 1 year low of $161.09 and a 1 year high of $252.35. The company has a market cap of $61.10 billion, a PE ratio of 53.73, a price-to-earnings-growth ratio of 3.11 and a beta of 1.30. The firm's 50 day simple moving average is $230.71 and its 200 day simple moving average is $217.34.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 EPS. On average, research analysts expect 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. Investors of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide's payout ratio is 12.88%.

Hilton Worldwide 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.