Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by PDT Partners LLC

PDT Partners LLC boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,501 shares of the company’s stock after buying an additional 99 shares during the period. PDT Partners LLC’s holdings in Hilton Worldwide were worth $1,729,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. PGGM Investments grew its holdings in shares of Hilton Worldwide by 337.6% in the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock valued at $3,137,000 after purchasing an additional 11,092 shares during the period. SG Americas Securities LLC raised its position in shares of Hilton Worldwide by 201.4% during the 3rd quarter. SG Americas Securities LLC now owns 181,576 shares of the company’s stock valued at $41,853,000 after buying an additional 121,322 shares during the period. Chartwell Investment Partners LLC lifted its holdings in Hilton Worldwide by 35.8% in the third quarter. Chartwell Investment Partners LLC now owns 28,756 shares of the company’s stock valued at $6,628,000 after acquiring an additional 7,583 shares during the last quarter. Raymond James & Associates grew its position in Hilton Worldwide by 10.9% in the second quarter. Raymond James & Associates now owns 321,656 shares of the company’s stock worth $70,185,000 after acquiring an additional 31,548 shares during the period. Finally, Cetera Advisors LLC increased its stake in Hilton Worldwide by 271.5% during the first quarter. Cetera Advisors LLC now owns 6,259 shares of the company’s stock worth $1,335,000 after acquiring an additional 4,574 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the transaction, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 23.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the business’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 completion of the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,382,423.09. The trade was a 38.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Price Performance

Hilton Worldwide stock opened at $253.44 on Friday. The stock’s fifty day moving average is $240.26 and its two-hundred day moving average is $222.10. The stock has a market cap of $61.78 billion, a PE ratio of 54.39, a P/E/G ratio of 3.15 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 1-year low of $165.25 and a 1-year high of $255.86.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.07. The firm had revenue of $2.87 billion during 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 firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share. On average, research analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide announced that its Board of Directors has authorized a share buyback program on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is 12.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Mizuho lifted their price target on shares of Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target on the stock. TD Cowen dropped their price objective on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Truist Financial raised their target price on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide has an average rating of “Hold” and a consensus target price 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.