Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,550 shares of the company's stock after buying an additional 4,399 shares during the period. PNC Financial Services Group Inc.'s holdings in Hilton Worldwide were worth $16,723,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. GHP Investment Advisors Inc. bought a new stake in shares of Hilton Worldwide in the third quarter worth about $25,000. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide in the second quarter worth about $33,000. NewSquare Capital LLC bought a new stake in shares of Hilton Worldwide in the second quarter worth about $37,000. Family Firm Inc. bought a new stake in shares of Hilton Worldwide in the second quarter worth about $38,000. Finally, Ashton Thomas Securities LLC bought a new stake in Hilton Worldwide during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Trading Up 0.4 %

Hilton Worldwide stock traded up $1.09 during mid-day trading on Friday, hitting $252.93. The stock had a trading volume of 1,290,440 shares, compared to its average volume of 1,548,760. The firm's 50 day moving average is $237.24 and its 200 day moving average is $220.30. Hilton Worldwide Holdings Inc. has a one year low of $165.25 and a one year high of $255.86. The firm has a market capitalization of $61.66 billion, a P/E ratio of 54.28, a P/E/G ratio of 3.14 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping 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 company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the company posted $1.67 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. Hilton Worldwide's dividend payout ratio is currently 12.88%.

Hilton Worldwide declared that its board has authorized a share repurchase program on Thursday, November 14th that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HLT. Robert W. Baird lifted their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Macquarie boosted their price target on Hilton Worldwide from $205.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. Barclays dropped their price target on Hilton Worldwide from $244.00 to $243.00 and set an "overweight" rating on the stock in a research report on Thursday, October 24th. Bank of America boosted their price objective 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. Finally, TD Cowen decreased their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $228.71.

Insider Buying and Selling

In related news, insider Michael W. Duffy sold 14,357 shares of the business'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 transaction, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. The trade was a 38.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,067,423.00. Following the transaction, the insider now owns 15,949 shares in the company, valued at $3,460,933. The trade was 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 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.