Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 25.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,841,286 shares of the company's stock after selling 622,747 shares during the period. Janus Henderson Group PLC owned about 0.76% of Hilton Worldwide worth $424,417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Centiva Capital LP purchased a new position in Hilton Worldwide during the 3rd quarter valued at $740,000. Ascent Group LLC bought a new stake in shares of Hilton Worldwide during the 3rd quarter valued at $1,206,000. Benjamin Edwards Inc. bought a new stake in shares of Hilton Worldwide during the 3rd quarter valued at $578,000. Bamco Inc. NY boosted its holdings in shares of Hilton Worldwide by 5.6% during the 3rd quarter. Bamco Inc. NY now owns 308,295 shares of the company's stock valued at $71,062,000 after buying an additional 16,256 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new stake in shares of Hilton Worldwide during the 3rd quarter valued at $4,593,000. Institutional investors own 95.90% of the company's stock.

Insider Buying and Selling

In related news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction dated 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 transaction, the insider now owns 15,949 shares of the company's stock, valued at approximately $3,460,933. This represents a 23.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction dated 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 directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. The trade was a 38.60 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Price Performance

Shares of NYSE HLT traded up $3.00 during midday trading on Wednesday, reaching $254.02. 1,192,732 shares of the stock traded hands, compared to its average volume of 1,541,977. The company's 50 day moving average is $241.76 and its 200 day moving average is $223.09. Hilton Worldwide Holdings Inc. has a one year low of $166.92 and a one year high of $255.86. The stock has a market capitalization of $61.92 billion, a PE ratio of 54.51, a P/E/G ratio of 3.15 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its 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. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The company's revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide declared that its board has approved a share 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 often an indication that the company's board believes its stock is undervalued.

Hilton Worldwide Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America upped their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Truist Financial upped their target price on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. Robert W. Baird upped their target price on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a "hold" rating on the stock in a research note on Thursday, August 8th. 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 assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $228.71.

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.