Hilton Worldwide Holdings Inc. $HLT Stock Holdings Reduced by Third View Private Wealth LLC

Third View Private Wealth LLC trimmed its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 29.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,717 shares of the company’s stock after selling 2,415 shares during the quarter. Third View Private Wealth LLC’s holdings in Hilton Worldwide were worth $1,819,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Hilton Worldwide in the second quarter valued at $6,271,258,000. Bank of America Corp DE grew its holdings in shares of Hilton Worldwide by 0.7% during the 1st quarter. Bank of America Corp DE now owns 5,946,576 shares of the company’s stock worth $1,808,235,000 after purchasing an additional 40,343 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Hilton Worldwide by 13.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,043,316 shares of the company’s stock worth $603,733,000 after purchasing an additional 242,916 shares during the period. Jupiter Topco LLC acquired a new stake in shares of Hilton Worldwide during the 2nd quarter worth about $663,882,000. Finally, Amundi increased its position in shares of Hilton Worldwide by 2.7% during the 2nd quarter. Amundi now owns 1,374,729 shares of the company’s stock worth $454,293,000 after purchasing an additional 36,303 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Trading Down 0.2%

Shares of NYSE HLT opened at $363.90 on Wednesday. Hilton Worldwide Holdings Inc. has a twelve month low of $256.24 and a twelve month high of $368.49. The stock has a fifty day simple moving average of $326.45 and a 200-day simple moving average of $321.40. The stock has a market capitalization of $80.97 billion, a PE ratio of 41.30, a PEG ratio of 2.86 and a beta of 1.08.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the previous year, the business earned $2.11 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post 9.17 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is 8.11%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Laura Fuentes sold 7,289 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $309.81, for a total transaction of $2,258,205.09. Following the sale, the insider directly owned 33,458 shares in the company, valued at $10,365,622.98. This represents a 17.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chris Carr sold 439 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $310.34, for a total transaction of $136,239.26. Following the sale, the director directly owned 8,252 shares in the company, valued at $2,560,925.68. This represents a 5.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 158,778 shares of company stock worth $56,196,944 over the last three months. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Truist Financial upped their target price on shares of Hilton Worldwide from $312.00 to $316.00 and gave the company a “hold” rating in a research report on Thursday, September 10th. China Intl Cap upgraded shares of Hilton Worldwide to a “strong-buy” rating in a research report on Wednesday, August 12th. Robert W. Baird lifted their price target on shares of Hilton Worldwide from $360.00 to $362.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Barclays reduced their price target on shares of Hilton Worldwide from $384.00 to $375.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Finally, Wolfe Research started coverage on shares of Hilton Worldwide in a report on Wednesday, September 2nd. They issued a “peer perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $365.08.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.