GAM Holding AG Increases Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

GAM Holding AG boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,523 shares of the company's stock after acquiring an additional 2,300 shares during the quarter. Hilton Worldwide makes up approximately 1.4% of GAM Holding AG's holdings, making the stock its 14th biggest holding. GAM Holding AG's holdings in Hilton Worldwide were worth $18,099,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HLT. Park Avenue Securities LLC grew its holdings in Hilton Worldwide by 4.1% during the 1st quarter. Park Avenue Securities LLC now owns 6,193 shares of the company's stock worth $1,321,000 after acquiring an additional 245 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in Hilton Worldwide in the first quarter worth $257,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Hilton Worldwide by 2.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,085 shares of the company's stock valued at $1,725,000 after buying an additional 207 shares during the period. 180 Wealth Advisors LLC lifted its stake in Hilton Worldwide by 2.4% in the first quarter. 180 Wealth Advisors LLC now owns 3,547 shares of the company's stock valued at $757,000 after buying an additional 84 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Hilton Worldwide during the first quarter worth $34,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 15,949 shares of the company's stock, valued at $3,460,933. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.50% of the company's stock.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock traded down $4.67 on Wednesday, hitting $233.46. The stock had a trading volume of 308,758 shares, compared to its average volume of 1,553,606. The stock has a 50 day moving average of $224.00 and a 200 day moving average of $213.80. Hilton Worldwide Holdings Inc. has a twelve month low of $147.58 and a twelve month high of $240.00. The firm has a market capitalization of $58.38 billion, a P/E ratio of 51.74, a PEG ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. Hilton Worldwide's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. Equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were given a $0.15 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Hilton Worldwide's dividend payout ratio (DPR) is currently 13.04%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HLT. Wells Fargo & Company upped their target price on shares of Hilton Worldwide from $200.00 to $237.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Melius lowered shares of Hilton Worldwide from a "buy" rating to a "hold" rating in a research report on Monday. Macquarie raised their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. The Goldman Sachs Group started coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They issued a "buy" rating and a $245.00 price target on the stock. Finally, Barclays upped their target price on Hilton Worldwide from $224.00 to $244.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Eleven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $221.42.

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.