Hilton Worldwide Holdings Inc. (NYSE:HLT) Stock Position Trimmed by South Street Advisors LLC

South Street Advisors LLC cut its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,054 shares of the company's stock after selling 3,008 shares during the period. Hilton Worldwide comprises about 3.3% of South Street Advisors LLC's portfolio, making the stock its 9th largest position. South Street Advisors LLC's holdings in Hilton Worldwide were worth $21,679,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Melius Research reiterated a "hold" rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Evercore ISI raised their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an "in-line" rating in a report on Monday, October 21st. Macquarie lifted their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a "hold" rating on the stock in a report on Thursday, August 8th. Finally, Bank of America boosted their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $228.71.

Hilton Worldwide Stock Down 0.6 %

HLT stock traded down $1.48 during midday trading on Friday, reaching $248.41. 1,851,700 shares of the company's stock traded hands, compared to its average volume of 1,560,229. The company has a market cap of $60.56 billion, a price-to-earnings ratio of 53.31, a P/E/G ratio of 3.18 and a beta of 1.30. The firm's fifty day moving average price is $233.57 and its 200-day moving average price is $218.47. Hilton Worldwide Holdings Inc. has a 52 week low of $164.93 and a 52 week high of $255.86.

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

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. Hilton Worldwide's payout ratio is 12.88%.

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

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the company'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 sale, the insider now directly owns 22,833 shares of the company's stock, valued at $5,382,423.09. This represents a 38.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Laura Fuentes sold 4,919 shares of the company's stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Company 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.