Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 19.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,179 shares of the company’s stock after selling 5,439 shares during the quarter. Intech Investment Management LLC’s holdings in Hilton Worldwide were worth $5,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. purchased a new stake in shares of Hilton Worldwide in the third quarter valued at $25,000. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide in the 2nd quarter valued at about $33,000. NewSquare Capital LLC purchased a new stake in Hilton Worldwide during the second quarter worth approximately $37,000. Family Firm Inc. acquired a new stake in Hilton Worldwide in the 2nd quarter valued at $38,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Hilton Worldwide during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide 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 sale, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. The trade was a 38.60 % decrease in their ownership of the stock. The transaction 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 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 completion of the transaction, 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. 2.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Mizuho lifted their price objective on Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America increased their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Evercore ISI boosted their target price on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Finally, Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and a consensus target price of $228.71.

Hilton Worldwide Stock Up 0.4 %

Shares of HLT opened at $252.93 on Friday. The stock’s 50-day moving average price is $237.24 and its 200 day moving average price is $220.30. The firm has a market capitalization of $61.66 billion, a price-to-earnings ratio of 54.28, a P/E/G ratio of 3.14 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12-month low of $165.25 and a 12-month high of $255.86.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the business posted $1.67 earnings per share. Hilton Worldwide’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide announced that its Board of Directors has initiated a share repurchase program on Thursday, November 14th that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the company to buy up to 5.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership 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. Stockholders of record on Friday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 12.88%.

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.