Vinva Investment Management Ltd Sells 19,250 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Vinva Investment Management Ltd lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 76.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,874 shares of the company’s stock after selling 19,250 shares during the quarter. Vinva Investment Management Ltd’s holdings in Hilton Worldwide were worth $1,377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Hilton Worldwide by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,352,243 shares of the company’s stock worth $311,692,000 after purchasing an additional 49,506 shares during the period. Fiduciary Trust Co lifted its holdings in Hilton Worldwide by 1.6% in the third quarter. Fiduciary Trust Co now owns 7,285 shares of the company’s stock worth $1,679,000 after buying an additional 115 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hilton Worldwide by 14.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 220,815 shares of the company’s stock valued at $50,898,000 after acquiring an additional 27,621 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in shares of Hilton Worldwide during the 3rd quarter worth approximately $296,000. Finally, Glenmede Trust Co. NA raised its position in shares of Hilton Worldwide by 1.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 30,386 shares of the company’s stock worth $7,004,000 after acquiring an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insiders Place Their Bets

In related news, 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 value of $3,384,375.61. Following the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. This trade represents a 38.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 23.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

NYSE HLT opened at $253.44 on Friday. The company has a market capitalization of $61.78 billion, a price-to-earnings ratio of 54.39, a PEG ratio of 3.15 and a beta of 1.30. The stock has a 50-day moving average of $240.26 and a 200 day moving average of $221.99. Hilton Worldwide Holdings Inc. has a one year low of $165.25 and a one year high of $255.86.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.07. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 earnings per share. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 14th that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Hilton Worldwide Dividend Announcement

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

Wall Street Analysts Forecast Growth

HLT has been the subject of a number of research reports. Barclays decreased their price objective on Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. TD Cowen lowered their price target 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. Evercore ISI upped their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Wells Fargo & Company decreased their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, Macquarie boosted their price target on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Hold” and a consensus target price of $228.71.

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.