Intech Investment Management LLC Sells 5,439 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Intech Investment Management LLC decreased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 19.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,179 shares of the company’s stock after selling 5,439 shares during the quarter. Intech Investment Management LLC’s holdings in Hilton Worldwide were worth $5,112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Hilton Worldwide by 24.2% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 408,555 shares of the company’s stock valued at $94,172,000 after buying an additional 79,499 shares during the last quarter. King Luther Capital Management Corp acquired a new position in shares of Hilton Worldwide during the third quarter worth approximately $200,000. Cornerstone Advisors LLC grew its stake in shares of Hilton Worldwide by 9.8% during the third quarter. Cornerstone Advisors LLC now owns 13,400 shares of the company’s stock valued at $3,089,000 after purchasing an additional 1,200 shares during the last quarter. Portfolio Design Labs LLC acquired a new stake in shares of Hilton Worldwide in the third quarter valued at approximately $1,370,000. Finally, First Horizon Advisors Inc. raised its position in Hilton Worldwide by 8.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 780 shares of the company’s stock worth $180,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Transactions at Hilton Worldwide

In other news, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. This represents a 38.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction dated 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 transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. The trade was a 23.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

NYSE:HLT opened at $252.93 on Friday. The business’s 50-day simple moving average is $237.24 and its 200-day simple moving average is $220.30. Hilton Worldwide Holdings Inc. has a fifty-two week low of $165.25 and a fifty-two week high of $255.86. The stock has a market capitalization of $61.66 billion, a PE ratio of 54.28, a price-to-earnings-growth ratio of 3.14 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.85 by $0.07. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 EPS. On average, research analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide declared that its board has authorized a share repurchase program on Thursday, November 14th that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be given 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 (DPR) is 12.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HLT shares. Barclays lowered their target price on Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Evercore ISI upped their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Mizuho boosted their price target on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Macquarie raised their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, TD Cowen dropped their target price on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $228.71.

About Hilton Worldwide

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.