Forsta AP Fonden Acquires 5,500 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Forsta AP Fonden grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 10.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 56,200 shares of the company’s stock after acquiring an additional 5,500 shares during the period. Forsta AP Fonden’s holdings in Hilton Worldwide were worth $12,954,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Wealthcare Advisory Partners LLC acquired a new stake in shares of Hilton Worldwide during the first quarter worth $257,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Hilton Worldwide by 2.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,085 shares of the company’s stock worth $1,725,000 after buying an additional 207 shares during the period. Independence Bank of Kentucky increased its position in shares of Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares during the period. Diversified Trust Co increased its position in shares of Hilton Worldwide by 54.9% during the first quarter. Diversified Trust Co now owns 15,576 shares of the company’s stock worth $3,323,000 after buying an additional 5,523 shares during the period. Finally, Park Place Capital Corp increased its position in shares of Hilton Worldwide by 11.8% during the first quarter. Park Place Capital Corp now owns 5,367 shares of the company’s stock worth $1,145,000 after buying an additional 568 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLT has been the subject of a number of research reports. Barclays reduced their price target on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a report on Thursday. TD Cowen reduced their price target on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a report on Thursday. Wells Fargo & Company reduced their price target on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a report on Thursday. Evercore ISI raised their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price target for the company. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $225.44.

Hilton Worldwide Price Performance

HLT opened at $236.11 on Friday. The company’s 50-day moving average is $225.48 and its 200 day moving average is $214.29. Hilton Worldwide Holdings Inc. has a fifty-two week low of $148.25 and a fifty-two week high of $240.00. The firm has a market capitalization of $58.18 billion, a P/E ratio of 50.02, a PEG ratio of 2.64 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm earned $1.67 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.03 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s payout ratio is currently 12.71%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide 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 sale, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide 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 sale, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide 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 completion of the sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.