Hilton Worldwide (NYSE:HLT) Insider Sells 15,638 Shares of Stock

Key Points

• Hilton insider Christopher Silcock sold 15,638 shares at an average price of $370.17, for about $5.79 million. After the sale, he held 88,257 shares, a 15.05% reduction in his ownership.
• Hilton reported quarterly EPS of $2.45, beating the $2.37 analyst consensus; revenue increased 6.6% year over year. The company declared a quarterly dividend of $0.15 per share.
• Analysts’ average rating was Moderate Buy, with an average price target of $365.08. Shares traded at $379.76 in Tuesday mid-day trading.

Hilton Worldwide Holdings Inc. (NYSE:HLT - Get Free Report) insider Christopher Silcock sold 15,638 shares of the company's stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $370.17, for a total transaction of $5,788,718.46. Following the completion of the transaction, the insider owned 88,257 shares in the company, valued at approximately $32,670,093.69. This represents a 15.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hilton Worldwide Price Performance

Shares of NYSE:HLT traded up $6.53 during mid-day trading on Tuesday, reaching $379.76. 1,803,943 shares of the company were exchanged, compared to its average volume of 1,911,057. Hilton Worldwide Holdings Inc. has a 1 year low of $263.95 and a 1 year high of $381.34. The firm's 50-day simple moving average is $330.05 and its 200 day simple moving average is $322.91. The firm has a market cap of $84.50 billion, a price-to-earnings ratio of 51.32, a P/E/G ratio of 2.95 and a beta of 1.08.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.08. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the company earned $2.11 earnings per share. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. On average, research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide's dividend payout ratio is presently 8.11%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. China Intl Cap raised shares of Hilton Worldwide to a "strong-buy" rating in a research report on Wednesday, August 12th. Mizuho upgraded shares of Hilton Worldwide from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $329.00 to $421.00 in a report on Thursday, October 29th. Truist Financial upped their target price on shares of Hilton Worldwide from $312.00 to $316.00 and gave the stock a "hold" rating in a research note on Thursday, September 10th. CICC Research began coverage on shares of Hilton Worldwide in a report on Wednesday, August 12th. They set an "outperform" rating on the stock. Finally, Morgan Stanley reissued an "overweight" rating on shares of Hilton Worldwide in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $365.08.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in Hilton Worldwide in the 2nd quarter worth approximately $10,140,000. Jefferies Financial Group Inc. purchased a new position in shares of Hilton Worldwide during the 2nd quarter worth $1,909,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Hilton Worldwide by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 200,598 shares of the company's stock worth $66,290,000 after purchasing an additional 4,700 shares during the period. Nykredit A S acquired a new stake in shares of Hilton Worldwide during the second quarter worth $41,279,000. Finally, Bank of America Corp DE acquired a new stake in shares of Hilton Worldwide during the second quarter worth $1,733,669,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Company Profile

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.

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