Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,556 shares of the company’s stock after selling 6,151 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Hilton Worldwide were worth $22,160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Robertson Stephens Wealth Management LLC increased its holdings in shares of Hilton Worldwide by 3.0% in the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 3,306 shares of the company’s stock valued at $481,000 after acquiring an additional 95 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Hilton Worldwide by 21.5% in the 3rd quarter. Allworth Financial LP now owns 542 shares of the company’s stock valued at $81,000 after acquiring an additional 96 shares during the last quarter. Advisory Services Network LLC boosted its position in Hilton Worldwide by 9.0% during the 1st quarter. Advisory Services Network LLC now owns 1,185 shares of the company’s stock valued at $167,000 after purchasing an additional 98 shares during the period. Equitable Holdings Inc. boosted its position in Hilton Worldwide by 3.4% during the 1st quarter. Equitable Holdings Inc. now owns 2,943 shares of the company’s stock valued at $415,000 after purchasing an additional 98 shares during the period. Finally, TCM Advisors LLC boosted its position in Hilton Worldwide by 3.0% during the 2nd quarter. TCM Advisors LLC now owns 3,400 shares of the company’s stock valued at $495,000 after purchasing an additional 100 shares during the period. 94.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Jefferies Financial Group boosted their price objective on Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Evercore ISI restated an “in-line” rating and set a $200.00 price objective on shares of Hilton Worldwide in a research report on Monday, February 5th. BMO Capital Markets boosted their price objective on Hilton Worldwide from $184.00 to $203.00 and gave the company a “market perform” rating in a research report on Thursday. Morgan Stanley boosted their price objective on Hilton Worldwide from $182.00 to $183.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Finally, Macquarie boosted their price target on Hilton Worldwide from $190.00 to $192.00 and gave the stock a “neutral” rating in a research report on Friday. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and an average price target of $176.93.

Read Our Latest Research Report on HLT

Insider Transactions at Hilton Worldwide

In other news, insider Christopher W. Silcock sold 10,863 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $166.61, for a total transaction of $1,809,884.43. Following the sale, the insider now directly owns 58,256 shares of the company’s stock, valued at $9,706,032.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher W. Silcock sold 10,863 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $166.61, for a total value of $1,809,884.43. Following the sale, the insider now directly owns 58,256 shares in the company, valued at $9,706,032.16. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Hilton Worldwide Stock Performance

HLT opened at $192.16 on Monday. Hilton Worldwide Holdings Inc. has a one year low of $129.86 and a one year high of $198.15. The stock’s fifty day moving average is $183.23 and its 200-day moving average is $164.63. The company has a market capitalization of $48.46 billion, a PE ratio of 44.38, a P/E/G ratio of 1.74 and a beta of 1.26.

Hilton Worldwide (NYSE:HLTGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the business earned $1.59 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.1 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio is presently 13.86%.

Hilton Worldwide declared that its board has authorized a stock repurchase plan on Thursday, November 9th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 7.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Hilton Worldwide Company Profile

(Free Report)

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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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