Hilton Worldwide Holdings Inc. $HLT Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 18.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,554 shares of the company’s stock after selling 9,702 shares during the period. Cornerstone Advisors LLC’s holdings in Hilton Worldwide were worth $13,855,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Frazier Financial Advisors LLC bought a new position in shares of Hilton Worldwide in the second quarter valued at $25,000. IMG Wealth Management Inc. bought a new stake in Hilton Worldwide during the second quarter worth $26,000. Trust Co. of Vermont bought a new stake in Hilton Worldwide during the second quarter worth $26,000. Elevation Wealth Partners LLC lifted its stake in Hilton Worldwide by 1,128.6% in the second quarter. Elevation Wealth Partners LLC now owns 86 shares of the company’s stock valued at $28,000 after acquiring an additional 79 shares during the last quarter. Finally, Wilkerson Advisory Group LLC lifted its stake in Hilton Worldwide by 163.2% in the first quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock valued at $30,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Transactions at Hilton Worldwide

In other news, insider Kevin Jacobs sold 151,050 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $356.19, for a total transaction of $53,802,499.50. Following the transaction, the insider owned 293,758 shares in the company, valued at approximately $104,633,662.02. This trade represents a 33.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Fuentes sold 7,289 shares of Hilton Worldwide stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $309.81, for a total value of $2,258,205.09. Following the sale, the insider directly owned 33,458 shares of the company’s stock, valued at approximately $10,365,622.98. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 174,416 shares of company stock worth $61,985,662 over the last three months. Company insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HLT shares. UBS Group reaffirmed a “buy” rating and issued a $363.00 target price on shares of Hilton Worldwide in a report on Friday, August 14th. Mizuho upgraded Hilton Worldwide from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $329.00 to $421.00 in a report on Thursday, October 29th. Weiss Ratings cut Hilton Worldwide from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Citigroup upped their price objective on Hilton Worldwide from $335.00 to $400.00 and gave the company a “neutral” rating in a research note on Tuesday, November 3rd. Finally, China Intl Cap raised Hilton Worldwide to a “strong-buy” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $365.08.

Hilton Worldwide Price Performance

Shares of HLT opened at $373.09 on Friday. The firm has a market capitalization of $83.01 billion, a PE ratio of 50.42, a PEG ratio of 2.95 and a beta of 1.08. The company’s 50-day moving average is $335.02 and its 200-day moving average is $324.48. Hilton Worldwide Holdings Inc. has a fifty-two week low of $263.95 and a fifty-two week high of $381.34.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Tuesday, October 27th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. Hilton Worldwide had a net margin of 13.40% and a negative return on equity of 33.78%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. Hilton Worldwide’s revenue was up 6.6% compared to the same quarter last year. Analysts predict that Hilton Worldwide Holdings Inc. will post 9.17 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, December 1st. Hilton Worldwide’s payout ratio is currently 8.11%.

About Hilton Worldwide

Hilton Worldwide Holdings Inc. is a global hospitality company that develops, manages, franchises and licenses hotels and resorts. Its portfolio serves a range of travelers, from luxury and leisure guests to business travelers and extended-stay customers. Hilton also operates a vacation ownership business through Hilton Grand Vacations under a long-term brand and licensing relationship. The company’s brands include Waldorf Astoria, Conrad, Hilton Hotels & Resorts, DoubleTree, Embassy Suites, Hilton Garden Inn, Hampton, Homewood Suites and Hilton Honors, its guest loyalty program.