Impax Asset Management Group plc Has $33.84 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Impax Asset Management Group plc lowered its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 146,801 shares of the company’s stock after selling 12,802 shares during the quarter. Impax Asset Management Group plc’s holdings in Hilton Worldwide were worth $33,838,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HLT. QRG Capital Management Inc. increased its position in Hilton Worldwide by 3.6% in the 3rd quarter. QRG Capital Management Inc. now owns 54,027 shares of the company’s stock valued at $12,453,000 after acquiring an additional 1,880 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Hilton Worldwide by 3.7% in the third quarter. Asset Management One Co. Ltd. now owns 109,042 shares of the company’s stock valued at $25,134,000 after purchasing an additional 3,932 shares in the last quarter. National Pension Service raised its position in Hilton Worldwide by 13.2% in the 3rd quarter. National Pension Service now owns 587,313 shares of the company’s stock worth $135,376,000 after purchasing an additional 68,498 shares during the last quarter. Angeles Wealth Management LLC acquired a new position in Hilton Worldwide during the 3rd quarter worth $316,000. Finally, Harbor Capital Advisors Inc. boosted its position in Hilton Worldwide by 0.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock valued at $1,946,000 after buying an additional 44 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HLT. Macquarie upped their price target on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective on the stock. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, Robert W. Baird raised their price target on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and an average target price of $228.71.

Hilton Worldwide Stock Down 1.3 %

NYSE HLT opened at $233.40 on Tuesday. The firm’s 50 day moving average is $228.03 and its 200-day moving average is $215.71. Hilton Worldwide Holdings Inc. has a 12-month low of $154.82 and a 12-month high of $241.24. The company has a market capitalization of $56.90 billion, a PE ratio of 50.09, a price-to-earnings-growth ratio of 2.97 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the company earned $1.67 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 12.88%.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 22,833 shares in the company, valued at $5,382,423.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were 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 of the company’s stock, valued at approximately $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. This trade represents 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 corporate insiders.

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.