Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Cable Hill Partners LLC

Cable Hill Partners LLC cut its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,146 shares of the company’s stock after selling 46 shares during the period. Cable Hill Partners LLC’s holdings in Hilton Worldwide were worth $264,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. bought a new stake in shares of Hilton Worldwide during the 3rd quarter worth $25,000. EdgeRock Capital LLC purchased a new position in Hilton Worldwide in the 2nd quarter worth about $33,000. NewSquare Capital LLC acquired a new stake in Hilton Worldwide during the 2nd quarter worth about $37,000. Family Firm Inc. acquired a new stake in shares of Hilton Worldwide during the second quarter valued at approximately $38,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Hilton Worldwide during the 3rd quarter valued at $38,000. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Trading Down 1.0 %

NYSE HLT opened at $250.08 on Friday. Hilton Worldwide Holdings Inc. has a 1-year low of $164.93 and a 1-year high of $255.86. The stock’s 50 day moving average is $232.18 and its two-hundred day moving average is $217.92. The company has a market capitalization of $60.96 billion, a price-to-earnings ratio of 53.67, a PEG ratio of 3.15 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.90 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Announces Dividend

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

Hilton Worldwide announced that its Board of Directors has approved a stock buyback program on Thursday, November 14th that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on HLT. The Goldman Sachs Group initiated coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target on the stock. 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 note on Thursday, October 24th. Barclays lowered their price target on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Macquarie lifted their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, Evercore ISI upped their target price on Hilton Worldwide from $210.00 to $240.00 and gave the stock 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $228.71.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction dated 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 transaction, the insider now 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 the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 22,833 shares of the company’s stock, valued at $5,382,423.09. The trade was a 38.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

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.