Hilton Worldwide Holdings Inc. (HLT) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,296,669 shares of the company’s stock after selling 182,280 shares during the quarter. Bank of New York Mellon Corp owned about 1.03% of Hilton Worldwide Holdings worth $228,954,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HLT. State Street Corp raised its position in shares of Hilton Worldwide Holdings by 141.6% in the 2nd quarter. State Street Corp now owns 7,865,113 shares of the company’s stock valued at $486,454,000 after purchasing an additional 4,609,697 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Hilton Worldwide Holdings by 46.3% in the 2nd quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock valued at $841,220,000 after purchasing an additional 4,302,706 shares during the last quarter. BlackRock Inc. raised its position in shares of Hilton Worldwide Holdings by 13.7% in the 2nd quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock valued at $745,212,000 after purchasing an additional 1,448,078 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Hilton Worldwide Holdings by 29.0% in the 3rd quarter. Principal Financial Group Inc. now owns 4,443,609 shares of the company’s stock valued at $308,609,000 after purchasing an additional 999,899 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Hilton Worldwide Holdings by 87.2% in the 2nd quarter. Northern Trust Corp now owns 2,118,462 shares of the company’s stock valued at $131,027,000 after purchasing an additional 986,814 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.



Hilton Worldwide Holdings Inc. (NYSE HLT) opened at $74.11 on Friday. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $23,711.57, a P/E ratio of 34.31, a PEG ratio of 7.79 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 1-year low of $49.97 and a 1-year high of $74.44.

Hilton Worldwide Holdings (NYSE:HLT) last posted its earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Hilton Worldwide Holdings had a net margin of 0.33% and a return on equity of 27.32%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 1.9 earnings per share for the current year.

Hilton Worldwide Holdings announced that its board has initiated a share repurchase plan on Thursday, November 16th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, November 16th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is 545.45%.

Several brokerages recently commented on HLT. Telsey Advisory Group increased their price objective on shares of Hilton Worldwide Holdings from $67.00 to $71.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Hilton Worldwide Holdings in a research report on Friday, October 27th. Robert W. Baird reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Hilton Worldwide Holdings in a research report on Friday, October 27th. FBR & Co lowered shares of Hilton Worldwide Holdings from a “buy” rating to a “neutral” rating and set a $73.00 price objective for the company. in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $73.21.

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In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of Hilton Worldwide Holdings stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total transaction of $1,077,851,654.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

About Hilton Worldwide Holdings

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

Institutional Ownership by Quarter for Hilton Worldwide Holdings (NYSE:HLT)

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