Hilton Worldwide Holdings Inc. $HLT Stock: Third View Private Wealth LLC Trims Holdings

Third View Private Wealth LLC cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 29.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

Several other institutional investors also recently bought and sold shares of HLT. Frazier Financial Advisors LLC acquired a new position in shares of Hilton Worldwide during the second quarter valued at approximately $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Hilton Worldwide in the second quarter worth approximately $26,000. Trust Co. of Vermont acquired a new stake in shares of Hilton Worldwide in the second quarter worth approximately $26,000. Elevation Wealth Partners LLC increased its position in shares of Hilton Worldwide by 1,128.6% during the second quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock worth $28,000 after purchasing an additional 79 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new stake in shares of Hilton Worldwide during the second quarter worth approximately $31,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

HLT stock opened at $363.90 on Wednesday. The business has a 50 day simple moving average of $326.45 and a 200-day simple moving average of $321.40. The firm has a market capitalization of $80.97 billion, a PE ratio of 41.30, a price-to-earnings-growth ratio of 2.86 and a beta of 1.08. Hilton Worldwide Holdings Inc. has a 1 year low of $256.24 and a 1 year high of $368.49.

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

Hilton Worldwide Announces Dividend

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

Insiders Place Their Bets

In other news, Director Chris Carr sold 439 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $310.34, for a total transaction of $136,239.26. Following the transaction, the director owned 8,252 shares of the company’s stock, valued at approximately $2,560,925.68. The trade was a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kevin J. Jacobs sold 151,050 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $356.19, for a total transaction of $53,802,499.50. Following the completion of the sale, the insider directly owned 293,758 shares of the company’s stock, valued at $104,633,662.02. This represents a 33.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 158,778 shares of company stock valued at $56,196,944 in the last three months. 2.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. CICC Research began coverage on Hilton Worldwide in a research note on Wednesday, August 12th. They issued an “outperform” rating for the company. Wolfe Research assumed coverage on shares of Hilton Worldwide in a research note on Wednesday, September 2nd. They set a “peer perform” rating on the stock. Wells Fargo & Company upped their target price on shares of Hilton Worldwide from $383.00 to $386.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Morgan Stanley increased their target price on shares of Hilton Worldwide from $349.00 to $362.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Finally, Truist Financial raised their price target on shares of Hilton Worldwide from $312.00 to $316.00 and gave the stock a “hold” rating in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $365.08.

About Hilton Worldwide

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.