Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 146,801 shares of the company’s stock after selling 12,802 shares during the period. Impax Asset Management Group plc owned about 0.06% of Hilton Worldwide worth $33,838,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of Hilton Worldwide by 2.1% during the second quarter. Principal Financial Group Inc. now owns 9,326,879 shares of the company’s stock valued at $2,035,125,000 after purchasing an additional 190,429 shares during the last quarter. JPMorgan Chase & Co. increased its position in Hilton Worldwide by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after buying an additional 761,104 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in 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 buying an additional 1,282,676 shares during the last quarter. Capital World Investors boosted its holdings in shares of Hilton Worldwide by 66.3% during the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after acquiring an additional 1,246,662 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Hilton Worldwide by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock worth $614,841,000 after acquiring an additional 200,329 shares during the period. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Trading Down 1.3 %

Shares of HLT stock opened at $233.40 on Tuesday. The stock’s fifty day simple moving average is $228.03 and its 200-day simple moving average is $215.71. The company has a market capitalization of $56.90 billion, a price-to-earnings ratio of 50.09, 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.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business posted $1.67 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide’s payout ratio is 12.88%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HLT shares. TD Cowen decreased their target price on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group started coverage on Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target on the stock. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating 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 Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. 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.com, the company has an average rating of “Hold” and a consensus price target of $228.71.

Insider Buying and Selling

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

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.