Hartford Investment Management Co. Sells 463 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Hartford Investment Management Co. lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,623 shares of the company’s stock after selling 463 shares during the period. Hartford Investment Management Co.’s holdings in Hilton Worldwide were worth $3,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in shares of Hilton Worldwide in the 1st quarter valued at $2,792,000. AIA Group Ltd boosted its stake in Hilton Worldwide by 43.4% in the first quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after buying an additional 4,265 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in 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 acquiring an additional 4,677 shares during the last quarter. PGGM Investments raised its stake in Hilton Worldwide by 337.6% during the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock worth $3,137,000 after acquiring an additional 11,092 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Hilton Worldwide by 25.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock valued at $13,219,000 after purchasing an additional 12,740 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $233.53 on Thursday. The stock’s 50-day moving average is $224.51 and its 200 day moving average is $213.94. Hilton Worldwide Holdings Inc. has a one year low of $147.58 and a one year high of $240.00. The firm has a market cap of $58.39 billion, a price-to-earnings ratio of 50.77, a PEG ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the firm posted $1.63 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insider Activity

In related 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 transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HLT. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group started coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price target for the company. Barclays boosted their price objective on Hilton Worldwide from $224.00 to $244.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Wells Fargo & Company increased their target price on Hilton Worldwide from $200.00 to $237.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Evercore ISI boosted their price target on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $221.42.

Hilton Worldwide Company 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.