Hilton Worldwide Holdings Inc. (NYSE:HLT) Insider Sells $1,067,423.00 in Stock

Hilton Worldwide Holdings Inc. (NYSE:HLT) insider Laura Fuentes sold 4,919 shares of the business’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 value of $1,067,423.00. Following the sale, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hilton Worldwide Price Performance

Shares of HLT opened at $225.54 on Friday. The firm has a 50-day simple moving average of $214.85 and a two-hundred day simple moving average of $209.78. The stock has a market cap of $56.40 billion, a PE ratio of 49.03, a P/E/G ratio of 2.32 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 1-year low of $146.00 and a 1-year high of $229.03.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating 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 firm 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 earned $1.63 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Friday, August 23rd. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Institutional Trading of Hilton Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of HLT. Quadrature Capital Ltd acquired a new position in shares of Hilton Worldwide in the first quarter valued at approximately $2,792,000. AIA Group Ltd increased its position in shares of Hilton Worldwide by 43.4% during the first quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock worth $3,008,000 after acquiring an additional 4,265 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of 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 in the last quarter. PGGM Investments boosted its holdings in Hilton Worldwide by 337.6% in the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock valued at $3,137,000 after purchasing an additional 11,092 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Hilton Worldwide by 25.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock worth $13,219,000 after purchasing an additional 12,740 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HLT. Deutsche Bank Aktiengesellschaft lowered 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. Susquehanna started coverage on shares of Hilton Worldwide in a research note on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Hilton Worldwide in a research note on Wednesday. They issued a “buy” rating and a $245.00 target price on the stock. Bank of America upped their price target on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Macquarie boosted their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $213.95.

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.