Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,109 shares of the company’s stock after selling 3,639 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Hilton Worldwide were worth $10,167,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Hilton Worldwide in the 3rd quarter worth about $25,000. EdgeRock Capital LLC bought a new position in Hilton Worldwide in the 2nd quarter worth about $33,000. Manchester Capital Management LLC increased its stake in shares of Hilton Worldwide by 247.8% in the first quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock valued at $34,000 after purchasing an additional 114 shares during the period. NewSquare Capital LLC bought a new stake in shares of Hilton Worldwide during the second quarter valued at approximately $37,000. Finally, Family Firm Inc. acquired a new position in shares of Hilton Worldwide during the second quarter worth approximately $38,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Trading Up 1.0 %

Shares of HLT stock opened at $235.65 on Wednesday. The company has a market capitalization of $57.45 billion, a price-to-earnings ratio of 50.57, a P/E/G ratio of 2.97 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 1-year low of $154.82 and a 1-year high of $241.24. The stock’s fifty day simple moving average is $228.38 and its 200-day simple moving average is $216.00.

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. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. On average, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 12.88%.

Insider Activity

In related news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction 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 completion of the sale, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura Fuentes sold 4,919 shares of the business’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 value of $1,067,423.00. Following the completion of the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HLT. Bank of America raised their price target on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday, October 21st. JPMorgan Chase & Co. upped their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Barclays dropped their target price on Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Finally, Melius lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Hilton Worldwide has a consensus rating of “Hold” and a consensus price target of $228.71.

Hilton Worldwide 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.