First Trust Direct Indexing L.P. Has $1.62 Million Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

First Trust Direct Indexing L.P. boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 28.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,041 shares of the company’s stock after purchasing an additional 1,561 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Hilton Worldwide were worth $1,623,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HLT. Massachusetts Financial Services Co. MA increased its position in shares of Hilton Worldwide by 36.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after purchasing an additional 1,282,676 shares in the last quarter. Capital World Investors grew its holdings in Hilton Worldwide by 66.3% during the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after acquiring an additional 1,246,662 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Hilton Worldwide by 10.5% during the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after acquiring an additional 761,104 shares during the last quarter. International Assets Investment Management LLC boosted 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 purchasing an additional 477,212 shares during the last quarter. Finally, PineStone Asset Management Inc. bought a new position in shares of Hilton Worldwide in the 2nd quarter valued at about $98,607,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Trading Down 1.5 %

Shares of NYSE HLT opened at $234.85 on Friday. The company has a market cap of $58.72 billion, a price-to-earnings ratio of 51.05, a PEG ratio of 2.64 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 12 month low of $148.25 and a 12 month high of $241.24. The stock has a 50-day moving average price of $227.28 and a two-hundred day moving average price of $215.05.

Hilton Worldwide (NYSE:HLT) last released its quarterly 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 company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 earnings per share. On average, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.03 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s payout ratio is presently 13.04%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the 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 in the company, 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 is accessible through this link. In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the 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 in the company, 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 is accessible through this link. Also, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. The trade was 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.

Wall Street Analyst Weigh In

HLT has been the topic of a number of analyst reports. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Wells Fargo & Company dropped their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 target price on the stock. Robert W. Baird raised their target price on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen lowered their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Hilton Worldwide currently has an average rating of “Hold” and a consensus price target of $228.71.

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.