Mizuho Securities USA LLC Has $3.68 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Mizuho Securities USA LLC cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 17.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,979 shares of the company's stock after selling 3,297 shares during the period. Mizuho Securities USA LLC's holdings in Hilton Worldwide were worth $3,683,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HLT. Shell Asset Management Co. bought a new position in shares of Hilton Worldwide in the first quarter valued at $390,000. EP Wealth Advisors LLC increased its stake in shares of Hilton Worldwide by 1.5% during the 1st quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company's stock worth $771,000 after purchasing an additional 54 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Hilton Worldwide by 35.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,607 shares of the company's stock valued at $769,000 after purchasing an additional 943 shares during the period. Quadrature Capital Ltd acquired a new stake in Hilton Worldwide in the 1st quarter valued at about $2,792,000. Finally, BOKF NA grew its holdings in Hilton Worldwide by 2,172.0% during the first quarter. BOKF NA now owns 6,248 shares of the company's stock worth $1,329,000 after purchasing an additional 5,973 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Trading Up 0.4 %

NYSE HLT traded up $1.09 during midday trading on Friday, hitting $252.93. The company had a trading volume of 1,290,440 shares, compared to its average volume of 1,548,760. The firm has a 50-day moving average price of $237.24 and a 200-day moving average price of $220.30. The company has a market capitalization of $61.66 billion, a PE ratio of 54.28, a P/E/G ratio of 3.14 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a twelve month low of $165.25 and a twelve month high of $255.86.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted 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. The business 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%. Hilton Worldwide's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 earnings per share. On average, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide declared that its Board of Directors has approved a share buyback plan on Thursday, November 14th that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are 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. 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 dividend payout ratio is 12.88%.

Insider Activity at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the company'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 transaction of $1,067,423.00. Following the completion of the transaction, the insider now directly owns 15,949 shares in the company, valued at $3,460,933. This represents a 23.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the 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 transaction, the insider now directly owns 22,833 shares of the company's stock, 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 currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on HLT shares. Mizuho upped their price objective on Hilton Worldwide from $237.00 to $243.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. TD Cowen cut their price target on Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating for the company in a report on Thursday, October 24th. The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They issued a "buy" rating and a $245.00 price objective on the stock. Macquarie increased their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. Finally, Melius Research reaffirmed a "hold" rating on shares of Hilton Worldwide 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 MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $228.71.

About Hilton Worldwide

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.