Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Equitable Trust Co.

Equitable Trust Co. cut its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 25.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,966 shares of the company’s stock after selling 1,000 shares during the quarter. Equitable Trust Co.’s holdings in Hilton Worldwide were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrature Capital Ltd acquired a new position in Hilton Worldwide in the 1st quarter valued at about $2,792,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Hilton Worldwide by 3.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock valued at $29,375,000 after purchasing an additional 4,677 shares during the period. PGGM Investments grew its holdings in shares of Hilton Worldwide by 337.6% in the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock valued at $3,137,000 after purchasing an additional 11,092 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in Hilton Worldwide by 234.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 7,986 shares of the company’s stock worth $1,703,000 after buying an additional 5,598 shares during the period. Finally, HBK Sorce Advisory LLC acquired a new stake in Hilton Worldwide during the 1st quarter worth approximately $512,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HLT. Bank of America upped their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Macquarie upped their price target on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $200.00 to $216.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Finally, Mizuho boosted their price target on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide has an average rating of “Hold” and an average price target of $228.71.

Hilton Worldwide Stock Performance

HLT opened at $247.65 on Friday. Hilton Worldwide Holdings Inc. has a one year low of $156.28 and a one year high of $249.36. The stock has a market capitalization of $60.37 billion, a P/E ratio of 53.14, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. The business’s 50-day simple moving average is $230.10 and its 200-day simple moving average is $216.79.

Hilton Worldwide (NYSE:HLT) last released 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. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

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 given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s payout ratio is currently 12.88%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction dated 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 sale, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other 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 transaction of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. This 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. Also, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide 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 in the company, valued at approximately $5,382,423.09. This trade 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 company 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.