Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC reduced its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.4% during the 3rd quarter, Holdings Channel reports. The fund owned 30,374 shares of the company’s stock after selling 125 shares during the quarter. Pathstone Holdings LLC’s holdings in Hilton Worldwide were worth $7,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC raised its position in shares of Hilton Worldwide by 2.1% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock worth $468,000 after buying an additional 42 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Hilton Worldwide by 0.5% in the third quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock worth $1,946,000 after purchasing an additional 44 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Hilton Worldwide by 4.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock valued at $269,000 after purchasing an additional 46 shares in the last quarter. Graypoint LLC increased its position in shares of Hilton Worldwide by 2.6% during the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company’s stock valued at $431,000 after purchasing an additional 47 shares during the period. Finally, Meadow Creek Wealth Advisors LLC lifted its holdings in shares of Hilton Worldwide by 4.2% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock valued at $273,000 after buying an additional 48 shares during the period. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 0.8 %

HLT stock opened at $252.03 on Friday. The stock has a market capitalization of $61.44 billion, a P/E ratio of 54.08, a P/E/G ratio of 3.14 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 52 week low of $165.25 and a 52 week high of $255.86. The firm has a 50-day simple moving average of $236.52 and a 200-day simple moving average of $219.93.

Hilton Worldwide (NYSE:HLT) last released its earnings results 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 the consensus estimate of $2.90 billion. During the same quarter last year, the business posted $1.67 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. Hilton Worldwide’s payout ratio is presently 12.88%.

Hilton Worldwide declared that its Board of Directors has approved a share repurchase program on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently weighed in on HLT. Macquarie lifted their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Mizuho lifted their price target on Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Evercore ISI increased their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Bank of America increased their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company reduced their price objective on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company 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. Based on data from MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and an average target price of $228.71.

Insider Activity at Hilton Worldwide

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

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.