Whittier Trust Co. Sells 2,379 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Whittier Trust Co. cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 42.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,292 shares of the company’s stock after selling 2,379 shares during the period. Whittier Trust Co.’s holdings in Hilton Worldwide were worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Independence Bank of Kentucky grew its holdings in Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock valued at $27,000 after purchasing an additional 50 shares during the period. EdgeRock Capital LLC bought a new position in Hilton Worldwide during the second quarter valued at $33,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Hilton Worldwide during the first quarter worth $34,000. Manchester Capital Management LLC lifted its position in shares of Hilton Worldwide by 247.8% during the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new stake in shares of Hilton Worldwide during the second quarter worth $37,000. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Trading Down 1.9 %

Shares of NYSE:HLT opened at $233.53 on Thursday. The stock’s 50-day moving average price is $224.51 and its 200-day moving average price is $213.94. Hilton Worldwide Holdings Inc. has a 12-month low of $147.58 and a 12-month high of $240.00. The stock has a market capitalization of $58.39 billion, a P/E ratio of 50.77, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm earned $1.63 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 23rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide’s payout ratio is presently 13.04%.

Insider Buying and Selling

In related 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 sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HLT shares. Macquarie increased their target price on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Truist Financial dropped their target price on Hilton Worldwide from $209.00 to $208.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Bank of America increased their target price on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday. Barclays increased their price objective on Hilton Worldwide from $224.00 to $244.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Melius downgraded Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and a consensus target price of $221.42.

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.