State Street Corp Sells 70,235 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

State Street Corp cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,504,442 shares of the company's stock after selling 70,235 shares during the quarter. State Street Corp owned approximately 3.90% of Hilton Worldwide worth $2,190,774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GHP Investment Advisors Inc. bought a new position in Hilton Worldwide in the 3rd quarter valued at approximately $25,000. EdgeRock Capital LLC bought a new stake in Hilton Worldwide during the 2nd quarter worth $33,000. Ashton Thomas Securities LLC bought a new position in Hilton Worldwide in the third quarter valued at about $38,000. NewSquare Capital LLC acquired a new stake in shares of Hilton Worldwide during the second quarter valued at about $37,000. Finally, Family Firm Inc. acquired a new stake in shares of Hilton Worldwide during the second quarter valued at about $38,000. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Up 1.1 %

HLT traded up $2.73 during trading on Friday, reaching $258.12. 321,511 shares of the company were exchanged, compared to its average volume of 1,536,197. The company's 50-day moving average is $242.21 and its two-hundred day moving average is $223.31. The company has a market cap of $62.92 billion, a price-to-earnings ratio of 54.81, a P/E/G ratio of 3.16 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12-month low of $168.29 and a 12-month high of $258.37.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.07. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. Equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current 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 shares. This buyback authorization authorizes the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders 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 dividend on an annualized basis and a yield of 0.23%. Hilton Worldwide's dividend payout ratio is currently 12.88%.

Insiders Place Their Bets

In other news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 38.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura Fuentes sold 4,919 shares of the stock in a transaction dated 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 transaction, the insider now owns 15,949 shares in the company, valued at $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. Corporate insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

HLT has been the topic of a number of recent research reports. Evercore ISI lifted their price target on Hilton Worldwide from $210.00 to $240.00 and gave the company an "in-line" rating in a research note on Monday, October 21st. Mizuho lifted their price objective on Hilton Worldwide from $237.00 to $243.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. TD Cowen cut their price objective 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. Barclays cut their price objective on Hilton Worldwide from $244.00 to $243.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. Finally, Melius Research reaffirmed a "hold" rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.