Vinva Investment Management Ltd Sells 19,250 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Vinva Investment Management Ltd lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 76.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,874 shares of the company’s stock after selling 19,250 shares during the quarter. Vinva Investment Management Ltd’s holdings in Hilton Worldwide were worth $1,377,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Hilton Worldwide by 2.1% during the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company’s stock valued at $2,585,148,000 after acquiring an additional 226,223 shares during the last quarter. Principal Financial Group Inc. raised its stake in 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 purchasing an additional 1,429,537 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after buying an additional 1,282,676 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Hilton Worldwide by 33.2% in the 3rd quarter. Jennison Associates LLC now owns 3,234,809 shares of the company’s stock worth $745,624,000 after buying an additional 806,029 shares in the last quarter. 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 buying an additional 200,329 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 1.2 %

Shares of NYSE:HLT opened at $253.44 on Friday. The business’s 50 day moving average is $240.26 and its 200 day moving average is $221.99. The stock has a market cap of $61.78 billion, a P/E ratio of 54.39, a price-to-earnings-growth ratio of 3.15 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 52-week low of $165.25 and a 52-week high of $255.86.

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

Hilton Worldwide announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 14th that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Hilton Worldwide Dividend Announcement

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

Insider Activity

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction dated Friday, September 13th. The shares were 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the transaction, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. The trade was a 38.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HLT. TD Cowen dropped their price target on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Truist Financial lifted their target price on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Bank of America increased their price target on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday, October 21st. 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 research report on Thursday, August 8th. Finally, Evercore ISI boosted their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide currently has a consensus rating of “Hold” and a consensus price target of $228.71.

Hilton Worldwide Company 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.