Dupont Capital Management Corp decreased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) by 43.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,752 shares of the company’s stock after selling 2,906 shares during the period. Dupont Capital Management Corp’s holdings in Hilton Worldwide were worth $453,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Cetera Advisor Networks LLC boosted its stake in Hilton Worldwide by 7.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 1,473 shares of the company’s stock worth $224,000 after purchasing an additional 108 shares during the period. D.A. Davidson & CO. boosted its stake in Hilton Worldwide by 8.0% during the 1st quarter. D.A. Davidson & CO. now owns 1,499 shares of the company’s stock worth $227,000 after purchasing an additional 111 shares during the period. Raymond James Trust N.A. boosted its stake in Hilton Worldwide by 22.9% during the 1st quarter. Raymond James Trust N.A. now owns 3,422 shares of the company’s stock worth $519,000 after purchasing an additional 637 shares during the period. Synovus Financial Corp boosted its stake in Hilton Worldwide by 8.6% during the 1st quarter. Synovus Financial Corp now owns 6,148 shares of the company’s stock worth $932,000 after purchasing an additional 487 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Hilton Worldwide during the 1st quarter worth $91,000. Institutional investors and hedge funds own 95.66% of the company’s stock.
Insider Buying and Selling at Hilton Worldwide
In other Hilton Worldwide news, insider Michael W. Duffy sold 5,555 shares of the firm’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $143.08, for a total transaction of $794,809.40. Following the sale, the insider now directly owns 24,042 shares of the company’s stock, valued at approximately $3,439,929.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Hilton Worldwide Stock Up 1.4 %
Shares of HLT opened at $136.88 on Friday. The company has a 50-day simple moving average of $133.74 and a 200-day simple moving average of $128.85. The company has a market capitalization of $37.02 billion, a PE ratio of 35.55, a P/E/G ratio of 0.54 and a beta of 1.22. Hilton Worldwide Holdings Inc. has a 52-week low of $108.41 and a 52-week high of $167.99.
Hilton Worldwide (NYSE:HLT – Get Rating) last posted its earnings results on Wednesday, October 26th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.06. Hilton Worldwide had a net margin of 13.15% and a negative return on equity of 139.79%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. On average, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 4.54 EPS for the current year.
Hilton Worldwide announced that its board has initiated a stock buyback program on Friday, November 11th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 6.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, November 10th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, November 9th. This represents a $0.60 annualized dividend and a yield of 0.44%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 15.58%.
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
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