Hilton Worldwide (NYSE:HLT) Insider Christopher Silcock Sells 15,638 Shares of Company Stock

Hilton Worldwide Holdings Inc. (NYSE:HLT) insider Christopher Silcock sold 15,638 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $370.17, for a total transaction of $5,788,718.46. Following the completion of the sale, the insider owned 88,257 shares in the company, valued at approximately $32,670,093.69. This trade represents a 15.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hilton Worldwide Stock Performance

HLT stock opened at $379.76 on Wednesday. The firm has a 50 day moving average price of $331.32 and a 200-day moving average price of $323.33. Hilton Worldwide Holdings Inc. has a 52-week low of $263.95 and a 52-week high of $381.34. The firm has a market capitalization of $84.50 billion, a price-to-earnings ratio of 51.32, a PEG ratio of 2.95 and a beta of 1.08.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 EPS. As a group, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 9.17 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, December 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, December 1st. Hilton Worldwide’s payout ratio is 8.11%.

Institutional Trading of Hilton Worldwide

Several institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC lifted its holdings in shares of Hilton Worldwide by 178.5% during the third quarter. Private Advisor Group LLC now owns 4,947 shares of the company’s stock valued at $1,574,000 after purchasing an additional 3,171 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Hilton Worldwide by 70.5% during the third quarter. Voya Investment Management LLC now owns 408,982 shares of the company’s stock valued at $129,752,000 after buying an additional 169,128 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Hilton Worldwide by 29.3% in the 3rd quarter. Global Retirement Partners LLC now owns 5,013 shares of the company’s stock worth $1,595,000 after buying an additional 1,135 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Hilton Worldwide in the 3rd quarter worth about $13,016,000. Finally, Banco Santander S.A. raised its position in Hilton Worldwide by 33.3% in the 3rd quarter. Banco Santander S.A. now owns 20,577 shares of the company’s stock worth $6,546,000 after buying an additional 5,136 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. TD Cowen raised Hilton Worldwide to a “strong-buy” rating in a research note on Tuesday, September 8th. Susquehanna lifted their price target on Hilton Worldwide from $345.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 28th. CICC Research assumed coverage on shares of Hilton Worldwide in a research note on Wednesday, August 12th. They issued an “outperform” rating on the stock. China Intl Cap raised shares of Hilton Worldwide to a “strong-buy” rating in a research report on Wednesday, August 12th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $390.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus target price of $365.08.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc. is a global hospitality company that develops, manages, franchises and licenses hotels and resorts. Its portfolio serves a range of travelers, from luxury and leisure guests to business travelers and extended-stay customers. Hilton also operates a vacation ownership business through Hilton Grand Vacations under a long-term brand and licensing relationship. The company’s brands include Waldorf Astoria, Conrad, Hilton Hotels & Resorts, DoubleTree, Embassy Suites, Hilton Garden Inn, Hampton, Homewood Suites and Hilton Honors, its guest loyalty program.