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

Los Angeles Capital Management LLC reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 93.8% in the 3rd quarter, HoldingsChannel.com reports. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its holdings in shares of Hilton Worldwide by 0.5% in the third quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock worth $1,946,000 after buying an additional 44 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Hilton Worldwide by 4.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock worth $269,000 after acquiring an additional 46 shares during the last quarter. Graypoint LLC lifted its position in Hilton Worldwide by 2.6% during the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company’s stock worth $431,000 after acquiring an additional 47 shares during the period. Meadow Creek Wealth Advisors LLC grew its stake in Hilton Worldwide by 4.2% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock valued at $273,000 after purchasing an additional 48 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in shares of Hilton Worldwide by 1.5% in the first quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock valued at $771,000 after purchasing an additional 54 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their position. The sale 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 Hilton Worldwide stock in a transaction dated Thursday, October 24th. The shares were 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 approximately $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. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $252.65 on Thursday. The business’s 50 day moving average price is $231.41 and its 200-day moving average price is $217.68. Hilton Worldwide Holdings Inc. has a 1 year low of $164.25 and a 1 year high of $254.06. The firm has a market capitalization of $61.59 billion, a price-to-earnings ratio of 54.22, a price-to-earnings-growth ratio of 3.15 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. 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 business posted $1.67 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

Analyst Ratings Changes

A number of research firms recently commented on HLT. Barclays decreased their target price on Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Evercore ISI upped their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a report on Monday, October 21st. 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. Truist Financial upped their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Finally, Macquarie lifted their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide has an average rating of “Hold” and a consensus target price of $228.71.

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.