Michael W. Duffy Sells 14,357 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) Stock

Hilton Worldwide Holdings Inc. (NYSE:HLT) insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction 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 sale, the insider now owns 22,833 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link.

Hilton Worldwide Stock Performance

Shares of NYSE HLT traded up $0.90 during trading on Friday, reaching $236.11. The company had a trading volume of 1,055,818 shares, compared to its average volume of 1,562,493. Hilton Worldwide Holdings Inc. has a 52 week low of $148.25 and a 52 week high of $240.00. The stock has a market cap of $59.04 billion, a PE ratio of 51.39, a PEG ratio of 2.60 and a beta of 1.31. The business’s 50 day moving average price is $225.01 and its 200-day moving average price is $214.09.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Analyst Upgrades and Downgrades

HLT has been the topic of several research analyst reports. Evercore ISI raised their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday. JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Robert W. Baird raised their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen reduced their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a report on Thursday. Finally, Truist Financial raised their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Hold” and a consensus target price of $223.21.

Institutional Investors Weigh In On Hilton Worldwide

Several institutional investors have recently modified their holdings of HLT. Massachusetts Financial Services Co. MA grew its position in shares of Hilton Worldwide by 36.9% during 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 during the period. Capital World Investors grew its holdings in Hilton Worldwide by 66.3% during the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after purchasing an additional 1,246,662 shares during the period. JPMorgan Chase & Co. grew its holdings in Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after purchasing an additional 761,104 shares during the period. International Assets Investment Management LLC grew its holdings in Hilton Worldwide by 23,730.1% during the third quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock valued at $1,104,610,000 after purchasing an additional 477,212 shares during the period. Finally, PineStone Asset Management Inc. acquired a new position in Hilton Worldwide during the second quarter valued at approximately $98,607,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.