Sumitomo Mitsui Trust Group Inc. Sells 1,330 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 553,296 shares of the company’s stock after selling 1,330 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Hilton Worldwide were worth $127,535,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. bought a new stake in shares of Hilton Worldwide in the third quarter worth $25,000. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide in the 2nd quarter valued at about $33,000. Ashton Thomas Securities LLC bought a new position in shares of Hilton Worldwide during the third quarter worth about $38,000. NewSquare Capital LLC acquired a new position in shares of Hilton Worldwide in the second quarter worth approximately $37,000. Finally, Family Firm Inc. bought a new stake in Hilton Worldwide in the second quarter valued at approximately $38,000. 95.90% of the stock is owned by institutional investors.

Insider Activity

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction dated 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 directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, 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 transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $1,067,423.00. Following the sale, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HLT has been the subject of several analyst reports. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft decreased 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. 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. Finally, Truist Financial raised their target price on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Hold” and an average price target of $228.71.

Hilton Worldwide Price Performance

NYSE:HLT opened at $252.65 on Thursday. Hilton Worldwide Holdings Inc. has a one year low of $164.25 and a one year high of $254.06. The company has a market cap of $61.59 billion, a PE ratio of 54.22, a PEG ratio of 3.15 and a beta of 1.30. The firm has a 50-day moving average of $231.41 and a 200-day moving average of $217.68.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS 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 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 quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 earnings per share. On average, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders 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 0.24%. Hilton Worldwide’s payout ratio is 12.88%.

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.