Cumberland Partners Ltd Has $2.07 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Cumberland Partners Ltd lowered its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 18.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,000 shares of the company’s stock after selling 2,000 shares during the quarter. Cumberland Partners Ltd’s holdings in Hilton Worldwide were worth $2,074,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of Hilton Worldwide by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after acquiring an additional 1,429,537 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Hilton Worldwide by 36.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after purchasing an additional 1,282,676 shares during the last quarter. Capital World Investors boosted its stake in Hilton Worldwide by 66.3% during the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after acquiring an additional 1,246,662 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after buying an additional 761,104 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Hilton Worldwide by 23,730.1% in the third quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock worth $1,104,610,000 after acquiring an additional 477,212 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Down 0.2 %

Shares of HLT stock traded down $0.61 during mid-day trading on Tuesday, reaching $249.75. 119,626 shares of the stock traded hands, compared to its average volume of 1,555,774. The stock’s fifty day simple moving average is $230.71 and its two-hundred day simple moving average is $217.34. Hilton Worldwide Holdings Inc. has a 1-year low of $161.09 and a 1-year high of $252.35. The company has a market cap of $60.88 billion, a price-to-earnings ratio of 53.73, a price-to-earnings-growth ratio of 3.11 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 (EPS) 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 company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 EPS. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors 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 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

Analyst Ratings Changes

HLT has been the topic of several research reports. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Evercore ISI lifted their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Mizuho increased their price target on Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Finally, Barclays decreased their price target on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $228.71.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction on Thursday, October 24th. The shares were 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 directly 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 filing with the SEC, which is available through the SEC website. In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Hilton Worldwide 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.