Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 120.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,235 shares of the company’s stock after purchasing an additional 29,065 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Hilton Worldwide were worth $12,266,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HLT. FMR LLC lifted its stake in Hilton Worldwide by 2.1% in the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company’s stock valued at $2,585,148,000 after buying an additional 226,223 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after acquiring an additional 1,429,537 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Hilton Worldwide by 36.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after acquiring an additional 1,282,676 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Hilton Worldwide by 33.2% in the third quarter. Jennison Associates LLC now owns 3,234,809 shares of the company’s stock worth $745,624,000 after acquiring an additional 806,029 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Hilton Worldwide by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock worth $614,841,000 after purchasing an additional 200,329 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLT has been the topic of several recent research reports. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Evercore ISI boosted their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Barclays cut their price objective on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Finally, Truist Financial increased their price target on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $228.71.

Hilton Worldwide Stock Down 1.2 %

Shares of NYSE HLT opened at $250.48 on Tuesday. Hilton Worldwide Holdings Inc. has a 52-week low of $166.92 and a 52-week high of $255.86. The business’s 50 day moving average is $240.26 and its two-hundred day moving average is $222.23. The firm has a market cap of $61.06 billion, a price-to-earnings ratio of 53.75, a PEG ratio of 3.19 and a beta of 1.30.

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

Hilton Worldwide Dividend Announcement

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

Hilton Worldwide declared that its Board of Directors has approved a share repurchase program on Thursday, November 14th that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the company to buy up to 5.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

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

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.