Natixis Advisors LLC Acquires 18,649 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Natixis Advisors LLC grew its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 7.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 262,357 shares of the company's stock after buying an additional 18,649 shares during the period. Natixis Advisors LLC owned approximately 0.11% of Hilton Worldwide worth $60,473,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HLT. Banco Santander S.A. lifted its position in Hilton Worldwide by 3.1% in the first quarter. Banco Santander S.A. now owns 2,410 shares of the company's stock worth $514,000 after purchasing an additional 73 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Hilton Worldwide by 204.0% during the 1st quarter. Intech Investment Management LLC now owns 22,496 shares of the company's stock worth $4,799,000 after acquiring an additional 15,097 shares during the period. Acadian Asset Management LLC boosted its position in shares of Hilton Worldwide by 356.5% during the 1st quarter. Acadian Asset Management LLC now owns 279,893 shares of the company's stock valued at $59,691,000 after acquiring an additional 218,579 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Hilton Worldwide in the first quarter valued at about $1,713,000. Finally, Edgestream Partners L.P. acquired a new position in Hilton Worldwide in the first quarter worth about $4,769,000. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Trading Down 0.6 %

NYSE:HLT traded down $1.48 during mid-day trading on Friday, hitting $248.41. 1,851,700 shares of the company's stock were exchanged, compared to its average volume of 1,528,117. Hilton Worldwide Holdings Inc. has a fifty-two week low of $164.93 and a fifty-two week high of $255.86. The firm has a market capitalization of $60.56 billion, a P/E ratio of 53.31, a PEG ratio of 3.13 and a beta of 1.30. The company has a 50 day simple moving average of $233.57 and a 200-day simple moving average of $218.62.

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

Hilton Worldwide Dividend Announcement

The firm also recently announced 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Friday, November 15th. Hilton Worldwide's payout ratio is 12.88%.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on HLT. Truist Financial raised their target price on Hilton Worldwide from $208.00 to $220.00 and gave the stock a "hold" rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price objective on Hilton Worldwide from $185.00 to $181.00 and set a "hold" rating for the company in a report on Thursday, August 8th. Wells Fargo & Company lowered their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an "equal weight" rating on the stock in a report on Thursday, October 24th. Evercore ISI lifted their price target 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. Finally, Mizuho upped their price objective on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $228.71.

Insider Activity at Hilton Worldwide

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 sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 directly owns 22,833 shares in the company, valued at $5,382,423.09. This trade represents 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.

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.