Optas LLC Takes Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Optas LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,592 shares of the company's stock, valued at approximately $1,058,000.

A number of other large investors also recently modified their holdings of the company. Quadrature Capital Ltd bought a new stake in Hilton Worldwide during the first quarter valued at approximately $2,792,000. AIA Group Ltd lifted its position in Hilton Worldwide by 43.4% during the first quarter. AIA Group Ltd now owns 14,103 shares of the company's stock valued at $3,008,000 after purchasing an additional 4,265 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Hilton Worldwide by 3.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company's stock worth $29,375,000 after buying an additional 4,677 shares during the period. PGGM Investments increased its stake in shares of Hilton Worldwide by 337.6% in the second quarter. PGGM Investments now owns 14,378 shares of the company's stock worth $3,137,000 after buying an additional 11,092 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hilton Worldwide by 25.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company's stock worth $13,219,000 after buying an additional 12,740 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Michael W. Duffy sold 14,357 shares of the company's stock in a transaction dated 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 sale, the insider now owns 22,833 shares of the company's stock, valued at $5,382,423.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Laura Fuentes sold 4,919 shares of the company's stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Bank of America lifted their target price 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. TD Cowen decreased their target price on shares of Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the company a "neutral" rating in a research report on Friday, July 19th. Evercore ISI boosted their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an "in-line" rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company reduced their price objective on shares of Hilton Worldwide from $237.00 to $232.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $228.71.

Hilton Worldwide Stock Up 0.7 %

Shares of HLT stock traded up $1.62 during mid-day trading on Friday, reaching $236.47. 1,043,166 shares of the company's stock traded hands, compared to its average volume of 1,351,121. The company has a market cap of $57.65 billion, a P/E ratio of 50.74, a P/E/G ratio of 2.95 and a beta of 1.30. The company's 50-day moving average price is $227.67 and its 200-day moving average price is $215.47. Hilton Worldwide Holdings Inc. has a 12 month low of $148.25 and a 12 month high of $241.24.

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

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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide's payout ratio is 12.88%.

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.