Redwood Investment Management LLC Sells 6,084 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Redwood Investment Management LLC reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 18.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,311 shares of the company's stock after selling 6,084 shares during the period. Hilton Worldwide comprises 0.5% of Redwood Investment Management LLC's investment portfolio, making the stock its 27th largest position. Redwood Investment Management LLC's holdings in Hilton Worldwide were worth $6,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Cetera Investment Advisers increased its stake in shares of Hilton Worldwide by 129.0% during the first quarter. Cetera Investment Advisers now owns 33,672 shares of the company's stock valued at $7,183,000 after buying an additional 18,965 shares during the period. Cetera Advisors LLC increased its stake in shares of Hilton Worldwide by 271.5% during the first quarter. Cetera Advisors LLC now owns 6,259 shares of the company's stock valued at $1,335,000 after buying an additional 4,574 shares during the period. Mather Group LLC. increased its stake in shares of Hilton Worldwide by 18.6% during the second quarter. Mather Group LLC. now owns 638 shares of the company's stock valued at $136,000 after buying an additional 100 shares during the period. Park Avenue Securities LLC increased its stake in shares of Hilton Worldwide by 1.7% during the second quarter. Park Avenue Securities LLC now owns 6,296 shares of the company's stock valued at $1,374,000 after buying an additional 103 shares during the period. Finally, CWM LLC increased its stake in shares of Hilton Worldwide by 14.4% during the second quarter. CWM LLC now owns 6,596 shares of the company's stock valued at $1,439,000 after buying an additional 829 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Price Performance

Hilton Worldwide stock traded up $1.39 during mid-day trading on Thursday, reaching $255.40. 1,430,564 shares of the stock traded hands, compared to its average volume of 1,541,502. The stock has a market capitalization of $62.26 billion, a PE ratio of 54.81, a price-to-earnings-growth ratio of 3.16 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12-month low of $167.95 and a 12-month high of $256.73. The business's 50-day moving average is $242.21 and its 200-day 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 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.07. The company had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. Hilton Worldwide's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 earnings per share. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal 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 given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. 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 approved a share repurchase program on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the company to buy up to 5.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently issued reports on HLT. Robert W. Baird boosted their target price on Hilton Worldwide from $235.00 to $236.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Bank of America lifted their price target on Hilton Worldwide from $230.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft dropped their price target on Hilton Worldwide from $185.00 to $181.00 and set a "hold" rating on the stock in a research report on Thursday, August 8th. Macquarie lifted their price target on Hilton Worldwide from $205.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. Finally, Mizuho lifted their price target on Hilton Worldwide from $237.00 to $243.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and an average target price of $228.71.

Insiders Place Their Bets

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 stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. This represents a 23.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the company's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value 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 approximately $5,382,423.09. The trade was a 38.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company's stock.

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.