Atria Investments Inc Sells 1,114 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Atria Investments Inc lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,720 shares of the company’s stock after selling 1,114 shares during the quarter. Atria Investments Inc’s holdings in Hilton Worldwide were worth $4,545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GHP Investment Advisors Inc. acquired a new stake in Hilton Worldwide in the 3rd quarter worth about $25,000. EdgeRock Capital LLC acquired a new stake in shares of Hilton Worldwide during the 2nd quarter worth approximately $33,000. NewSquare Capital LLC bought a new stake in Hilton Worldwide during the second quarter worth $37,000. Family Firm Inc. bought a new stake in shares of Hilton Worldwide during the 2nd quarter worth $38,000. Finally, TruNorth Capital Management LLC acquired a new stake in Hilton Worldwide in the second quarter valued at approximately $44,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HLT shares. Mizuho lifted their price target on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays reduced their target price on Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group assumed coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective on the stock. Evercore ISI lifted their target price on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Finally, Macquarie increased their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and an average target price of $228.71.

Hilton Worldwide Trading Up 0.1 %

Shares of NYSE:HLT opened at $250.65 on Wednesday. The company has a market capitalization of $61.10 billion, a PE ratio of 53.73, a P/E/G ratio of 3.11 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12-month low of $161.09 and a 12-month high of $252.35. The business’s fifty day simple moving average is $230.71 and its 200-day simple moving average is $217.34.

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

Hilton Worldwide Announces Dividend

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

Insider Buying and Selling

In related news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction dated 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 owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This trade 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 this link. Also, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.50% 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.