Hilton Worldwide Holdings Inc. (NYSE:HLT) Insider Michael W. Duffy Sells 14,357 Shares

Hilton Worldwide Holdings Inc. (NYSE:HLT) 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 value of $3,384,375.61. Following the completion of the transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hilton Worldwide Trading Up 0.4 %

Shares of Hilton Worldwide stock opened at $236.11 on Friday. The company’s 50-day moving average price is $225.48 and its two-hundred day moving average price is $214.26. Hilton Worldwide Holdings Inc. has a 52 week low of $148.25 and a 52 week high of $240.00. The stock has a market cap of $58.18 billion, a PE ratio of 50.02, a price-to-earnings-growth ratio of 2.64 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping the consensus estimate 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 firm 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 earned $1.67 earnings per share. Hilton Worldwide’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.03 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.25%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 12.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Truist Financial lifted their target price on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Bank of America boosted their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, October 21st. TD Cowen reduced their price objective on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company reduced their price objective on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $225.44.

Institutional Investors Weigh In On Hilton Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new stake in Hilton Worldwide during the 1st quarter worth about $2,792,000. AIA Group Ltd raised its holdings in Hilton Worldwide by 43.4% during the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock worth $3,008,000 after buying an additional 4,265 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Hilton Worldwide by 3.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock worth $29,375,000 after buying an additional 4,677 shares during the period. PGGM Investments raised its holdings in Hilton Worldwide by 337.6% during the 2nd quarter. PGGM Investments now owns 14,378 shares of the company’s stock worth $3,137,000 after buying an additional 11,092 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Hilton Worldwide by 25.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock worth $13,219,000 after buying an additional 12,740 shares during the period. 95.90% of the stock is currently owned by institutional investors.

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.