Los Angeles Capital Management LLC Decreases Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Los Angeles Capital Management LLC decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 93.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,308 shares of the company’s stock after selling 110,623 shares during the period. Los Angeles Capital Management LLC’s holdings in Hilton Worldwide were worth $1,684,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. purchased a new position in Hilton Worldwide during the 3rd quarter valued at approximately $25,000. EdgeRock Capital LLC bought a new stake in Hilton Worldwide in the second quarter worth $33,000. NewSquare Capital LLC purchased a new stake in Hilton Worldwide during the second quarter valued at $37,000. Family Firm Inc. bought a new position in Hilton Worldwide during the second quarter valued at $38,000. Finally, TruNorth Capital Management LLC purchased a new position in shares of Hilton Worldwide in the 2nd quarter worth $44,000. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Trading Up 0.8 %

HLT opened at $252.65 on Thursday. The company has a market capitalization of $61.59 billion, a price-to-earnings ratio of 54.22, a PEG ratio of 3.15 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12-month low of $164.25 and a 12-month high of $254.06. The business’s fifty day simple moving average is $231.41 and its 200-day simple moving average is $217.68.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm posted $1.67 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. Hilton Worldwide’s dividend payout ratio is presently 12.88%.

Analyst Ratings Changes

A number of brokerages recently commented on HLT. Robert W. Baird increased their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Macquarie lifted their target price on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Evercore ISI increased their price target on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a report on Monday, October 21st. TD Cowen dropped their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft reduced 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. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $228.71.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were 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 of the company’s stock, 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 link. Also, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction 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 completion of the transaction, the insider now directly owns 22,833 shares in the company, valued at $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. Corporate insiders own 2.50% of the company’s stock.

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.