Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 17.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 858,535 shares of the company’s stock after selling 178,256 shares during the period. Victory Capital Management Inc. owned 0.35% of Hilton Worldwide worth $197,892,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in shares of Hilton Worldwide by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after purchasing an additional 1,429,537 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Hilton Worldwide by 36.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after buying an additional 1,282,676 shares during the last quarter. Capital World Investors boosted its stake in Hilton Worldwide by 66.3% during the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after buying an additional 1,246,662 shares during the period. JPMorgan Chase & Co. increased its position in shares of Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after acquiring an additional 761,104 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Hilton Worldwide by 23,730.1% in the 3rd quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock valued at $1,104,610,000 after acquiring an additional 477,212 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction on Friday, September 13th. The shares were 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 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 legal filing with the SEC, which is available at this hyperlink. In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the business’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 value of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following 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 owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HLT shares. JPMorgan Chase & Co. increased their price objective on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Truist Financial lifted their price objective on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company decreased their target price on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Robert W. Baird raised their target price on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $228.71.

Hilton Worldwide Stock Down 0.2 %

Hilton Worldwide stock traded down $0.48 during midday trading on Tuesday, reaching $249.88. The company’s stock had a trading volume of 192,694 shares, compared to its average volume of 1,556,277. The company has a market cap of $60.92 billion, a P/E ratio of 53.73, a P/E/G ratio of 3.11 and a beta of 1.30. The business has a 50-day simple moving average of $230.71 and a 200-day simple moving average of $217.34. Hilton Worldwide Holdings Inc. has a fifty-two week low of $161.09 and a fifty-two week high of $252.35.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate 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 negative return on equity of 60.85% and a net margin of 10.70%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.67 EPS. As a group, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s payout ratio is 12.88%.

Hilton Worldwide 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.