Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Bought by Swedbank AB

Swedbank AB grew its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.3% in the third quarter, Holdings Channel.com reports. The fund owned 146,236 shares of the company’s stock after purchasing an additional 409 shares during the period. Swedbank AB’s holdings in Hilton Worldwide were worth $33,707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. PGGM Investments boosted its position in Hilton Worldwide by 337.6% during the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock worth $3,137,000 after purchasing an additional 11,092 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Hilton Worldwide by 201.4% in the 3rd quarter. SG Americas Securities LLC now owns 181,576 shares of the company’s stock worth $41,853,000 after buying an additional 121,322 shares in the last quarter. Chartwell Investment Partners LLC grew its stake in Hilton Worldwide by 35.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 28,756 shares of the company’s stock valued at $6,628,000 after acquiring an additional 7,583 shares during the last quarter. Raymond James & Associates increased its holdings in Hilton Worldwide by 10.9% during the 2nd quarter. Raymond James & Associates now owns 321,656 shares of the company’s stock valued at $70,185,000 after acquiring an additional 31,548 shares in the last quarter. Finally, Cetera Advisors LLC raised its position in Hilton Worldwide by 271.5% during the first quarter. Cetera Advisors LLC now owns 6,259 shares of the company’s stock worth $1,335,000 after acquiring an additional 4,574 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’s 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 owns 15,949 shares in the company, valued at $3,460,933. This represents a 23.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the sale, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. This represents a 38.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Up 0.3 %

Shares of HLT opened at $253.66 on Tuesday. The stock’s fifty day simple moving average is $237.95 and its 200 day simple moving average is $220.94. Hilton Worldwide Holdings Inc. has a twelve month low of $165.25 and a twelve month high of $255.86. The firm has a market capitalization of $61.84 billion, a P/E ratio of 54.43, a price-to-earnings-growth ratio of 3.18 and a beta of 1.30.

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

Hilton Worldwide announced that its board has initiated a stock buyback program on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be paid 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 yield of 0.24%. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Mizuho raised their price objective on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company reduced their price objective 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. Truist Financial lifted their price objective on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Macquarie upped their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Barclays cut their price objective on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.