Harbor Capital Advisors Inc. Purchases 44 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Harbor Capital Advisors Inc. grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,443 shares of the company’s stock after buying an additional 44 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Hilton Worldwide were worth $1,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in Hilton Worldwide by 2.1% in the second quarter. Principal Financial Group Inc. now owns 9,326,879 shares of the company’s stock worth $2,035,125,000 after purchasing an additional 190,429 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Hilton Worldwide by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after purchasing an additional 761,104 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after buying an additional 1,282,676 shares during the period. Capital World Investors lifted its holdings in Hilton Worldwide by 66.3% during the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after buying an additional 1,246,662 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Hilton Worldwide by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock valued at $614,841,000 after buying an additional 200,329 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Laura Fuentes sold 4,919 shares of the business’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 completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. This represents a 0.00 % 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.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $233.40 on Tuesday. Hilton Worldwide Holdings Inc. has a one year low of $154.82 and a one year high of $241.24. The stock has a market cap of $56.90 billion, a PE ratio of 50.09, a price-to-earnings-growth ratio of 2.95 and a beta of 1.30. The stock has a 50-day moving average of $228.03 and a two-hundred day moving average of $215.71.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results 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. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. Hilton Worldwide’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 EPS. As a group, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s payout ratio is 12.88%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Evercore ISI raised their price target on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. TD Cowen cut their target price on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Wells Fargo & Company lowered their price target on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.