Robeco Institutional Asset Management B.V. Reduces Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Robeco Institutional Asset Management B.V. cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 120,352 shares of the company’s stock after selling 11,374 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Hilton Worldwide were worth $27,741,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Hilton Worldwide by 4.0% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,485 shares of the company’s stock valued at $743,000 after buying an additional 135 shares during the period. Signaturefd LLC increased its holdings in Hilton Worldwide by 5.5% during the 1st quarter. Signaturefd LLC now owns 7,981 shares of the company’s stock worth $1,702,000 after acquiring an additional 413 shares during the period. Team Hewins LLC purchased a new stake in Hilton Worldwide in the 1st quarter worth approximately $237,000. 9258 Wealth Management LLC bought a new position in Hilton Worldwide in the 1st quarter valued at $218,000. Finally, TFG Advisers LLC increased its holdings in shares of Hilton Worldwide by 3.1% in the first quarter. TFG Advisers LLC now owns 2,312 shares of the company’s stock worth $493,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Trading Up 1.0 %

Shares of NYSE:HLT opened at $235.65 on Wednesday. The stock has a market capitalization of $57.45 billion, a P/E ratio of 50.57, a price-to-earnings-growth ratio of 2.97 and a beta of 1.30. The stock’s 50-day moving average price is $228.38 and its 200-day moving average price is $216.00. Hilton Worldwide Holdings Inc. has a 12-month low of $154.82 and a 12-month high of $241.24.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $1.67 EPS. Hilton Worldwide’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HLT. Mizuho lifted their price objective on Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group assumed coverage on Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price objective for the company. Robert W. Baird raised their target price on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays cut their price target on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Finally, Truist Financial raised their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and an average price target of $228.71.

Insiders Place Their Bets

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

Hilton Worldwide Company 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.