Investment Management Corp of Ontario Purchases 2,600 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Investment Management Corp of Ontario increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 46.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,244 shares of the company's stock after buying an additional 2,600 shares during the quarter. Investment Management Corp of Ontario's holdings in Hilton Worldwide were worth $1,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLT. GHP Investment Advisors Inc. bought a new position in shares of Hilton Worldwide during the 3rd quarter worth approximately $25,000. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide during the second quarter valued at approximately $33,000. NewSquare Capital LLC acquired a new stake in shares of Hilton Worldwide in the second quarter valued at approximately $37,000. Family Firm Inc. acquired a new stake in shares of Hilton Worldwide in the 2nd quarter valued at $38,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Hilton Worldwide in the third quarter worth about $38,000. 95.90% of the stock is currently owned by institutional investors.

Insider Transactions at Hilton Worldwide

In other news, insider Michael W. Duffy sold 14,357 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was 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 38.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Laura Fuentes sold 4,919 shares of the firm'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 transaction, the insider now directly owns 15,949 shares of the company's stock, valued at $3,460,933. This represents a 23.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

HLT has been the topic of several recent research reports. TD Cowen reduced their target price on shares of Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Mizuho lifted their target price on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Macquarie increased their price target on Hilton Worldwide from $205.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. Melius Research reaffirmed a "hold" rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Hilton Worldwide from $185.00 to $181.00 and set a "hold" rating on the stock in a research note on Thursday, August 8th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $228.71.

Hilton Worldwide Stock Up 0.5 %

Shares of NYSE:HLT traded up $1.39 during midday trading on Thursday, reaching $255.40. 1,430,564 shares of the company were exchanged, compared to its average volume of 1,541,502. The firm has a market cap of $62.26 billion, a PE ratio of 54.81, a P/E/G ratio of 3.16 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a fifty-two week low of $167.95 and a fifty-two week high of $256.73. The stock has a fifty day simple moving average of $242.21 and a two-hundred day simple moving average of $223.31.

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

Hilton Worldwide announced that its board has initiated a stock repurchase plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows 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 leadership believes its shares are undervalued.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.15 per share. 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 dividend payout ratio is currently 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.