Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Bought by AIA Group Ltd

AIA Group Ltd raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,202 shares of the company’s stock after acquiring an additional 2,924 shares during the quarter. AIA Group Ltd’s holdings in Hilton Worldwide were worth $4,657,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new position in Hilton Worldwide in the third quarter valued at approximately $25,000. EdgeRock Capital LLC purchased a new position in shares of Hilton Worldwide in the 2nd quarter valued at $33,000. Manchester Capital Management LLC raised its stake in Hilton Worldwide by 247.8% during the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares in the last quarter. NewSquare Capital LLC purchased a new stake in Hilton Worldwide in the second quarter valued at $37,000. Finally, Family Firm Inc. acquired a new position in Hilton Worldwide in the second quarter valued at $38,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $246.18 on Friday. The stock has a market capitalization of $60.01 billion, a price-to-earnings ratio of 52.90, a PEG ratio of 2.93 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 1 year low of $156.06 and a 1 year high of $249.36. The stock has a fifty day moving average price of $228.97 and a two-hundred day moving average price of $216.21.

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

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.24%. Hilton Worldwide’s dividend payout ratio is presently 12.88%.

Analyst Ratings Changes

Several research firms have recently weighed in on HLT. The Goldman Sachs Group initiated coverage on Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price for the company. Robert W. Baird boosted their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Bank of America increased their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday, October 21st. Macquarie lifted their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Melius cut shares of 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $228.71.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide 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 transaction, the insider now owns 22,833 shares of the company’s stock, valued at $5,382,423.09. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Michael W. Duffy sold 14,357 shares of the 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 sale, the insider now directly owns 22,833 shares in the company, valued at $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide 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 transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. This 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 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.