Dale Q Rice Investment Management Ltd Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Dale Q Rice Investment Management Ltd acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,398 shares of the company's stock, valued at approximately $593,000.

Several other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in shares of Hilton Worldwide by 4.3% during the 2nd quarter. Parallel Advisors LLC now owns 2,791 shares of the company's stock worth $609,000 after purchasing an additional 115 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Hilton Worldwide during the second quarter valued at about $425,000. Envestnet Asset Management Inc. boosted its holdings in shares of Hilton Worldwide by 9.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 427,466 shares of the company's stock valued at $93,273,000 after buying an additional 37,591 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company's stock worth $1,037,464,000 after buying an additional 1,282,676 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Hilton Worldwide by 12.6% during the second quarter. Dimensional Fund Advisors LP now owns 691,015 shares of the company's stock valued at $150,768,000 after acquiring an additional 77,560 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Bank of America lifted their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, October 21st. TD Cowen reduced their target price on Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Robert W. Baird upped their price objective on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Truist Financial raised their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a "hold" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $238.24.

Insider Buying and Selling

In related news, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the transaction, the insider now directly owns 22,833 shares of the company's stock, valued at approximately $5,746,152.78. This represents a 50.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.50% of the company's stock.

Hilton Worldwide Stock Up 1.4 %

Shares of NYSE:HLT traded up $3.40 during trading on Tuesday, reaching $244.87. 1,032,353 shares of the company's stock traded hands, compared to its average volume of 1,146,893. Hilton Worldwide Holdings Inc. has a fifty-two week low of $180.96 and a fifty-two week high of $259.01. The company has a 50-day simple moving average of $249.39 and a 200-day simple moving average of $231.47. The firm has a market cap of $59.69 billion, a PE ratio of 52.55, a P/E/G ratio of 3.18 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 15th were given a $0.15 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. Hilton Worldwide's dividend payout ratio (DPR) is 12.88%.

Hilton Worldwide declared that its board has authorized a stock buyback program on Thursday, November 14th that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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.