Los Angeles Capital Management LLC Sells 110,623 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Los Angeles Capital Management LLC trimmed its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 93.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,308 shares of the company's stock after selling 110,623 shares during the quarter. Los Angeles Capital Management LLC's holdings in Hilton Worldwide were worth $1,684,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HLT. Principal Financial Group Inc. boosted its holdings in shares of Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after acquiring an additional 1,429,537 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company's stock worth $1,715,908,000 after purchasing an additional 761,104 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Hilton Worldwide by 36.9% in 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 period. Capital World Investors raised its holdings in Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company's stock valued at $667,148,000 after buying an additional 1,246,662 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Hilton Worldwide by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company's stock worth $614,841,000 after acquiring an additional 200,329 shares during the last quarter. Institutional investors own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HLT shares. Bank of America lifted their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, October 21st. 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 report on Thursday, August 8th. Mizuho increased their price target on Hilton Worldwide from $237.00 to $243.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Barclays cut their price objective on Hilton Worldwide from $244.00 to $243.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. Finally, Evercore ISI raised their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an "in-line" rating in a 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $228.71.

Hilton Worldwide Trading Down 1.0 %

Shares of HLT traded down $2.57 during trading hours on Thursday, reaching $250.08. The stock had a trading volume of 1,443,175 shares, compared to its average volume of 1,558,910. The company has a market capitalization of $60.96 billion, a price-to-earnings ratio of 54.22, a P/E/G ratio of 3.15 and a beta of 1.30. The firm has a 50-day simple moving average of $232.18 and a 200 day simple moving average of $217.92. Hilton Worldwide Holdings Inc. has a 12 month low of $164.93 and a 12 month high of $255.86.

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, beating analysts' consensus estimates of $1.85 by $0.07. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The firm had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same period last year, the company earned $1.67 earnings per share. The business's revenue was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently announced 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. 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 12.88%.

Insider Buying and Selling

In related 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 value of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 38.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Fuentes sold 4,919 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, 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 corporate insiders.

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.