Souders Financial Advisors Sells 17,684 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Souders Financial Advisors lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 94.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,111 shares of the company's stock after selling 17,684 shares during the quarter. Souders Financial Advisors' holdings in Hilton Worldwide were worth $256,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after buying an additional 1,429,537 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Hilton Worldwide by 36.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company's stock worth $1,037,464,000 after acquiring an additional 1,282,676 shares during the period. Capital World Investors lifted its stake in Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company's stock worth $667,148,000 after purchasing an additional 1,246,662 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company's stock valued at $1,715,908,000 after purchasing an additional 761,104 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Hilton Worldwide by 23,730.1% during the 3rd quarter. International Assets Investment Management LLC now owns 479,223 shares of the company's stock valued at $1,104,610,000 after purchasing an additional 477,212 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insider Activity at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael W. Duffy sold 14,357 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction 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 owned by company insiders.

Hilton Worldwide Stock Performance

HLT traded down $2.57 on Thursday, hitting $250.08. 1,443,175 shares of the company were exchanged, compared to its average volume of 1,558,910. The firm has a fifty day simple moving average of $232.18 and a two-hundred day simple moving average of $217.92. The stock has a market capitalization of $60.96 billion, a PE ratio of 54.22, a price-to-earnings-growth ratio of 3.15 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12 month low of $164.93 and a 12 month high of $255.86.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results 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. The firm 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%. The business's revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $1.67 earnings per share. On average, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. Hilton Worldwide's payout ratio is presently 12.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HLT shares. Melius lowered Hilton Worldwide from a "buy" rating to a "hold" rating in a research note on Monday, October 21st. The Goldman Sachs Group began coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They set a "buy" rating and a $245.00 price target for the company. Evercore ISI upped their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an "in-line" rating in a research report on Monday, October 21st. Wells Fargo & Company dropped their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an "equal weight" rating for the company in a research report on Thursday, October 24th. Finally, Barclays decreased their price target on shares of Hilton Worldwide from $244.00 to $243.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $228.71.

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.