Quantinno Capital Management LP Has $8.05 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Quantinno Capital Management LP increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 63.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,923 shares of the company's stock after acquiring an additional 13,558 shares during the period. Quantinno Capital Management LP's holdings in Hilton Worldwide were worth $8,050,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new stake in shares of Hilton Worldwide during the third quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new stake in shares of Hilton Worldwide during the 2nd quarter valued at $33,000. NewSquare Capital LLC purchased a new position in shares of Hilton Worldwide during the 2nd quarter valued at $37,000. Family Firm Inc. acquired a new position in shares of Hilton Worldwide in the second quarter worth $38,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Hilton Worldwide during the third quarter worth $38,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider now directly owns 15,949 shares of the company's stock, valued at $3,460,933. This trade represents a 23.57 % decrease in their ownership of the stock. The sale 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 business's stock in a transaction 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 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 insiders.

Analysts Set New Price Targets

HLT has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Hilton Worldwide from $237.00 to $232.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 24th. Melius Research restated a "hold" rating on shares of Hilton Worldwide in a report on Monday, October 21st. Bank of America lifted their target price on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Mizuho increased their price target 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. Finally, Truist Financial lifted their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a "hold" rating in a research note 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $228.71.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock traded up $3.07 during midday trading on Friday, hitting $258.46. The company had a trading volume of 1,676,912 shares, compared to its average volume of 1,542,076. The stock has a market cap of $63.01 billion, a PE ratio of 55.46, a P/E/G ratio of 3.16 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 1-year low of $168.29 and a 1-year high of $259.01. The business's 50 day simple moving average is $242.21 and its two-hundred day simple moving average is $223.31.

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 (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. The business's revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide announced that its board has authorized a share repurchase plan on Thursday, November 14th that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. Hilton Worldwide's dividend payout ratio is currently 12.88%.

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.