Chartwell Investment Partners LLC Acquires 7,583 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Chartwell Investment Partners LLC increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 35.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,756 shares of the company’s stock after purchasing an additional 7,583 shares during the period. Chartwell Investment Partners LLC’s holdings in Hilton Worldwide were worth $6,628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HLT. Harbor Capital Advisors Inc. grew its position in shares of Hilton Worldwide by 0.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock valued at $1,946,000 after buying an additional 44 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Hilton Worldwide by 4.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock worth $269,000 after acquiring an additional 46 shares during the period. Graypoint LLC boosted its holdings in Hilton Worldwide by 2.6% in the third quarter. Graypoint LLC now owns 1,869 shares of the company’s stock valued at $431,000 after acquiring an additional 47 shares during the last quarter. Meadow Creek Wealth Advisors LLC raised its holdings in Hilton Worldwide by 4.2% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock worth $273,000 after purchasing an additional 48 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in Hilton Worldwide by 1.5% during the 1st quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock worth $771,000 after purchasing an additional 54 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HLT shares. TD Cowen decreased their price objective 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. Robert W. Baird increased their price target on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Wells Fargo & Company dropped their price objective on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Finally, Mizuho raised their price objective on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $228.71.

Hilton Worldwide Stock Performance

HLT stock opened at $250.36 on Tuesday. The business has a 50-day simple moving average of $230.10 and a two-hundred day simple moving average of $217.01. The company has a market capitalization of $61.03 billion, a P/E ratio of 53.73, a price-to-earnings-growth ratio of 3.11 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 52-week low of $161.09 and a 52-week high of $252.35.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. Hilton Worldwide’s revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

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

Insider Buying and Selling

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the 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 completion of the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

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.