Equitable Trust Co. Sells 1,000 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Equitable Trust Co. lowered its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 25.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,966 shares of the company’s stock after selling 1,000 shares during the quarter. Equitable Trust Co.’s holdings in Hilton Worldwide were worth $684,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in Hilton Worldwide during the first quarter worth $2,792,000. CANADA LIFE ASSURANCE Co lifted its stake in shares of Hilton Worldwide by 3.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock worth $29,375,000 after purchasing an additional 4,677 shares during the last quarter. PGGM Investments boosted its position in Hilton Worldwide by 337.6% during 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 in the last quarter. UniSuper Management Pty Ltd grew its stake in Hilton Worldwide by 234.4% in the first quarter. UniSuper Management Pty Ltd now owns 7,986 shares of the company’s stock valued at $1,703,000 after purchasing an additional 5,598 shares during the last quarter. Finally, HBK Sorce Advisory LLC bought a new position in Hilton Worldwide in the first quarter worth about $512,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insiders Place Their Bets

In other news, insider Laura Fuentes sold 4,919 shares of the 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 owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. The trade was 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 insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Robert W. Baird increased their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft dropped their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Finally, TD Cowen decreased their price target 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. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $228.71.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $247.65 on Friday. The firm’s fifty day moving average is $230.10 and its two-hundred day moving average is $216.79. The firm has a market cap of $60.37 billion, a price-to-earnings ratio of 53.14, a PEG ratio of 3.10 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a one year low of $156.28 and a one year high of $249.36.

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

Hilton Worldwide Dividend Announcement

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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

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.