Harvest Fund Management Co. Ltd Has $733,000 Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Harvest Fund Management Co. Ltd trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 14.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,181 shares of the company’s stock after selling 526 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Hilton Worldwide were worth $733,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after purchasing an additional 1,429,537 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Hilton Worldwide by 36.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after acquiring an additional 1,282,676 shares in the last quarter. Jennison Associates LLC raised its stake in Hilton Worldwide by 33.2% during the third quarter. Jennison Associates LLC now owns 3,234,809 shares of the company’s stock worth $745,624,000 after acquiring an additional 806,029 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Hilton Worldwide by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock worth $614,841,000 after acquiring an additional 200,329 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in Hilton Worldwide by 1.2% during the second quarter. TD Asset Management Inc now owns 2,158,468 shares of the company’s stock worth $470,978,000 after acquiring an additional 26,075 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hilton Worldwide

In related news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the sale, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 23.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 38.60 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on HLT shares. Bank of America increased their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Macquarie increased their target price on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Evercore ISI increased their target price on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Finally, TD Cowen decreased their target price on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. 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, the stock presently has a consensus rating of “Hold” and an average target price of $228.71.

Hilton Worldwide Trading Up 0.3 %

Shares of HLT opened at $253.66 on Tuesday. Hilton Worldwide Holdings Inc. has a 1 year low of $165.25 and a 1 year high of $255.86. The stock has a market cap of $61.84 billion, a P/E ratio of 54.43, a price-to-earnings-growth ratio of 3.18 and a beta of 1.30. The stock’s 50-day moving average price is $237.95 and its two-hundred day moving average price is $220.94.

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

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

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.15 per share. 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%.

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.