Traders Sell Shares of Hilton Worldwide Holdings Inc. (HLT) on Strength (HLT)

Traders sold shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) on strength during trading hours on Friday. $19.82 million flowed into the stock on the tick-up and $44.15 million flowed out of the stock on the tick-down, for a money net flow of $24.33 million out of the stock. Of all companies tracked, Hilton Worldwide Holdings had the 0th highest net out-flow for the day. Hilton Worldwide Holdings traded up $0.09 for the day and closed at $74.11

HLT has been the topic of a number of recent research reports. Telsey Advisory Group upped their price objective on Hilton Worldwide Holdings from $61.00 to $67.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 26th. Barclays PLC boosted their target price on shares of Hilton Worldwide Holdings from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 27th. Berenberg Bank reiterated a “sell” rating and set a $47.00 target price on shares of Hilton Worldwide Holdings in a research note on Thursday, July 27th. BidaskClub downgraded shares of Hilton Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $73.21.

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53. The company has a market capitalization of $23,711.57, a price-to-earnings ratio of 34.31, a P/E/G ratio of 7.79 and a beta of 1.31.

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

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

Hilton Worldwide Holdings declared that its board has initiated a stock repurchase program on Thursday, November 16th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

In related news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of HLT. QS Investors LLC raised its holdings in Hilton Worldwide Holdings by 749.6% during the second quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after purchasing an additional 2,084 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in Hilton Worldwide Holdings in the third quarter valued at about $151,000. Commonwealth Bank of Australia increased its holdings in Hilton Worldwide Holdings by 255.9% in the second quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock valued at $185,000 after buying an additional 2,173 shares in the last quarter. Hilton Capital Management LLC purchased a new position in Hilton Worldwide Holdings in the third quarter valued at about $208,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Hilton Worldwide Holdings in the third quarter valued at about $208,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

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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.

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