Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 27.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,474,974 shares of the company's stock after selling 552,895 shares during the quarter. Wellington Management Group LLP owned 0.61% of Hilton Worldwide worth $339,982,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC boosted its position in Hilton Worldwide by 2.1% during the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company's stock valued at $2,585,148,000 after acquiring an additional 226,223 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Hilton Worldwide by 15.3% in the third 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 shares of 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 buying an additional 1,282,676 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Hilton Worldwide by 33.2% in the 3rd quarter. Jennison Associates LLC now owns 3,234,809 shares of the company's stock valued at $745,624,000 after buying an additional 806,029 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Hilton Worldwide by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company's stock worth $614,841,000 after buying an additional 200,329 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hilton Worldwide

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 stock was 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 owns 15,949 shares in the company, valued at $3,460,933. The trade was a 23.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction 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 transaction, the insider now directly owns 22,833 shares in the company, valued at $5,382,423.09. This trade represents a 38.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HLT shares. Wells Fargo & Company dropped 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. Mizuho lifted their price target on Hilton Worldwide from $237.00 to $243.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Bank of America raised their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. 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, Evercore ISI upped their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an "in-line" rating in a report on Monday, October 21st. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $228.71.

Hilton Worldwide Stock Performance

Shares of HLT stock traded up $3.07 on Friday, hitting $258.46. 1,676,939 shares of the stock traded hands, compared to its average volume of 1,264,235. Hilton Worldwide Holdings Inc. has a twelve month low of $168.29 and a twelve month high of $259.01. The firm's 50-day moving average price is $242.70 and its two-hundred day moving average price is $223.81. The stock has a market capitalization of $63.01 billion, a PE ratio of 55.46, a PEG ratio of 3.20 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.07. The firm had revenue of $2.87 billion for 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 quarter in the previous year, the business earned $1.67 EPS. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide declared that its Board of Directors has initiated a share repurchase program on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Hilton Worldwide Dividend Announcement

The company also recently declared 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. This represents a $0.60 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide's dividend payout ratio (DPR) is presently 12.88%.

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.