Toronto Dominion Bank Has $30.62 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Toronto Dominion Bank grew its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 4.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 132,837 shares of the company's stock after buying an additional 5,650 shares during the period. Toronto Dominion Bank owned 0.05% of Hilton Worldwide worth $30,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HLT. Coldstream Capital Management Inc. raised its stake in shares of Hilton Worldwide by 18.4% during the third quarter. Coldstream Capital Management Inc. now owns 3,614 shares of the company's stock worth $844,000 after buying an additional 561 shares during the last quarter. Vestcor Inc raised its position in shares of Hilton Worldwide by 8.8% during the 3rd quarter. Vestcor Inc now owns 4,800 shares of the company's stock valued at $1,106,000 after acquiring an additional 390 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Hilton Worldwide by 44.9% in the 3rd quarter. M&T Bank Corp now owns 19,369 shares of the company's stock valued at $4,464,000 after purchasing an additional 6,002 shares during the period. Groupama Asset Managment boosted its position in shares of Hilton Worldwide by 37.8% in the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock worth $35,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Hilton Worldwide by 3.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 73,048 shares of the company's stock worth $16,838,000 after purchasing an additional 2,613 shares during the period. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Trading Down 0.4 %

Shares of Hilton Worldwide stock traded down $1.04 on Thursday, reaching $255.91. 1,145,911 shares of the company were exchanged, compared to its average volume of 1,540,145. The company has a market capitalization of $62.39 billion, a price-to-earnings ratio of 55.12, a PEG ratio of 3.25 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a one year low of $175.80 and a one year high of $259.01. The company has a 50-day moving average of $244.07 and a 200 day moving average of $224.88.

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. The firm had revenue of $2.87 billion during 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 company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.67 earnings per share. Analysts predict that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Announces Dividend

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 issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Friday, November 15th. Hilton Worldwide's payout ratio is presently 12.88%.

Hilton Worldwide announced that its Board of Directors has authorized a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have issued reports on HLT. The Goldman Sachs Group raised their target price on Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a report on Tuesday. Evercore ISI boosted their price objective 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. Mizuho upped their target price on shares of Hilton Worldwide from $237.00 to $243.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Truist Financial lifted their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a "hold" rating in a research report on Thursday, October 24th. Finally, Barclays dropped 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. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide has an average rating of "Hold" and a consensus price target of $230.59.

Insiders Place Their Bets

In other news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This trade represents a 38.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction that occurred on 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 sale, the insider now directly owns 15,949 shares of the company's stock, valued at approximately $3,460,933. The trade was a 23.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.50% of the company's stock.

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.