TD Asset Management Inc. cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 15.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 341,219 shares of the company’s stock after selling 60,043 shares during the period. TD Asset Management Inc. owned approximately 0.12% of Hilton Worldwide worth $29,113,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of HLT. Raymond James Financial Services Advisors Inc. boosted its holdings in Hilton Worldwide by 23.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,070 shares of the company’s stock valued at $1,180,000 after purchasing an additional 3,049 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of Hilton Worldwide by 351.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 600 shares of the company’s stock worth $44,000 after acquiring an additional 467 shares during the period. Cerebellum GP LLC bought a new position in shares of Hilton Worldwide during the 2nd quarter worth about $85,000. Janney Montgomery Scott LLC bought a new position in shares of Hilton Worldwide during the 2nd quarter worth about $358,000. Finally, Dupont Capital Management Corp lifted its holdings in shares of Hilton Worldwide by 54.9% during the 2nd quarter. Dupont Capital Management Corp now owns 14,762 shares of the company’s stock worth $1,084,000 after acquiring an additional 5,230 shares during the period. 98.60% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Christopher W. Silcock sold 42,447 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $90.47, for a total value of $3,840,180.09. Following the transaction, the insider now owns 45,682 shares of the company’s stock, valued at approximately $4,132,850.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Martin Rinck sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $88.80, for a total transaction of $177,600.00. Following the completion of the transaction, the insider now directly owns 4,769 shares in the company, valued at approximately $423,487.20. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.
A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, November 16th. Raymond James raised their price objective on shares of Hilton Worldwide from $92.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, November 5th. ValuEngine raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. BMO Capital Markets increased their target price on shares of Hilton Worldwide from $89.00 to $92.00 and gave the stock a “market perform” rating in a research report on Thursday, November 5th. Finally, Jefferies Financial Group upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating and increased their target price for the stock from $72.00 to $101.00 in a research report on Friday, August 14th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $95.50.
HLT opened at $101.76 on Friday. The stock has a market capitalization of $28.23 billion, a PE ratio of -87.72, a PEG ratio of 49.41 and a beta of 1.32. Hilton Worldwide Holdings Inc. has a 1-year low of $44.30 and a 1-year high of $116.73. The firm has a 50-day moving average price of $93.24 and a two-hundred day moving average price of $83.89.
Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.10. The firm had revenue of $933.00 million during the quarter, compared to analysts’ expectations of $966.30 million. Hilton Worldwide had a negative net margin of 5.46% and a negative return on equity of 38.13%. The company’s quarterly revenue was down 61.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 EPS. On average, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 0.19 EPS for the current fiscal year.
Hilton Worldwide 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, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Tempo by Hilton brands.
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