Savoir Faire Capital Management L.P. Cuts Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Savoir Faire Capital Management L.P. decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 70.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,576 shares of the company's stock after selling 15,860 shares during the period. Savoir Faire Capital Management L.P.'s holdings in Hilton Worldwide were worth $1,516,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at $25,000. EdgeRock Capital LLC acquired a new position in Hilton Worldwide in the second quarter valued at $33,000. NewSquare Capital LLC purchased a new stake in shares of Hilton Worldwide in the second quarter valued at about $37,000. Family Firm Inc. acquired a new stake in shares of Hilton Worldwide during the second quarter worth about $38,000. Finally, Ashton Thomas Securities LLC acquired a new position in Hilton Worldwide in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

HLT has been the topic of several analyst reports. TD Cowen lowered their target price on Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They issued a "buy" rating and a $245.00 price objective on the stock. Melius Research restated a "hold" rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Robert W. Baird raised their target price on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Hilton Worldwide from $185.00 to $181.00 and set a "hold" rating for the company in a report on Thursday, August 8th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and a consensus target price of $228.71.

Insiders Place Their Bets

In related news, insider Laura Fuentes sold 4,919 shares of the firm's stock in a transaction that occurred on 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 owns 15,949 shares in the company, valued at approximately $3,460,933. This trade represents a 23.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 value of $3,384,375.61. Following the completion of the transaction, the insider now owns 22,833 shares of the company's stock, valued at $5,382,423.09. This trade represents a 38.60 % 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 company insiders.

Hilton Worldwide Trading Up 0.3 %

Shares of HLT stock traded up $0.72 during mid-day trading on Tuesday, reaching $249.76. The stock had a trading volume of 940,594 shares, compared to its average volume of 1,554,984. The company has a market cap of $60.89 billion, a P/E ratio of 53.46, a price-to-earnings-growth ratio of 3.13 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12-month low of $165.25 and a 12-month high of $255.86. The business has a 50-day simple moving average of $234.25 and a 200 day simple moving average of $219.13.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating 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 firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the firm posted $1.67 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Dividend Announcement

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

Hilton Worldwide announced that its Board of Directors has approved a share buyback plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

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.