Worldquant Millennium Advisors LLC Lowers Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Worldquant Millennium Advisors LLC trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 87.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,285 shares of the company's stock after selling 22,210 shares during the period. Worldquant Millennium Advisors LLC's holdings in Hilton Worldwide were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HLT. Principal Financial Group Inc. grew its position in shares of Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after purchasing an additional 1,429,537 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Hilton Worldwide by 36.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company's stock worth $1,037,464,000 after buying an additional 1,282,676 shares in the last quarter. Jennison Associates LLC boosted its holdings in Hilton Worldwide by 33.2% during the third quarter. Jennison Associates LLC now owns 3,234,809 shares of the company's stock valued at $745,624,000 after purchasing an additional 806,029 shares in the last quarter. Stockbridge Partners LLC boosted its holdings in Hilton Worldwide by 63.6% during the third quarter. Stockbridge Partners LLC now owns 1,544,399 shares of the company's stock valued at $355,984,000 after purchasing an additional 600,593 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Hilton Worldwide by 23,730.1% during the third 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. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Truist Financial raised their price target on Hilton Worldwide from $208.00 to $220.00 and gave the company a "hold" rating in a report on Thursday, October 24th. Melius Research reaffirmed a "hold" rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Mizuho raised their price target on Hilton Worldwide from $237.00 to $243.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Wells Fargo & Company dropped their target price on Hilton Worldwide from $237.00 to $232.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 24th. Finally, Barclays dropped their target price on Hilton Worldwide from $244.00 to $243.00 and set an "overweight" rating on the stock in a research report on Thursday, October 24th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $228.71.

Hilton Worldwide Stock Performance

HLT stock traded down $8.47 during midday trading on Monday, hitting $249.99. 2,133,263 shares of the stock were exchanged, compared to its average volume of 1,544,570. The stock's 50-day moving average price is $243.08 and its 200-day moving average price is $224.29. The stock has a market cap of $60.94 billion, a price-to-earnings ratio of 53.65, a PEG ratio of 3.25 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a fifty-two week low of $172.62 and a fifty-two week high of $259.01.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the business earned $1.67 earnings per share. The company's revenue was up 7.3% compared to the same quarter last year. Research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed 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. 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 dividend payout ratio is 12.88%.

Hilton Worldwide announced that its board has authorized a share repurchase program on Thursday, November 14th that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the firm's stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the firm's stock in a transaction dated 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. The trade was a 38.60 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.