Fiduciary Alliance LLC Purchases New Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Fiduciary Alliance LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,043 shares of the company's stock, valued at approximately $1,246,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new stake in shares of Hilton Worldwide during the 3rd quarter valued at $25,000. Groupama Asset Managment increased its holdings in Hilton Worldwide by 37.8% in the third quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock valued at $35,000 after purchasing an additional 4,118 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Hilton Worldwide in the third quarter valued at about $38,000. True Wealth Design LLC boosted its holdings in Hilton Worldwide by 2,400.0% during the third quarter. True Wealth Design LLC now owns 175 shares of the company's stock worth $40,000 after buying an additional 168 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Hilton Worldwide in the 3rd quarter valued at about $46,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the transaction, the insider now directly owns 22,833 shares of the company's stock, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company's stock.

Hilton Worldwide Stock Performance

NYSE HLT traded up $3.40 on Tuesday, hitting $244.87. 1,032,353 shares of the stock traded hands, compared to its average volume of 1,146,894. The firm has a market capitalization of $59.69 billion, a price-to-earnings ratio of 52.55, a PEG ratio of 3.18 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12 month low of $180.96 and a 12 month high of $259.01. The business's fifty day moving average is $249.39 and its two-hundred day moving average is $231.47.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.07. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned $1.67 earnings per share. Analysts expect that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 14th that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Hilton Worldwide Announces Dividend

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

Analysts Set New Price Targets

HLT has been the topic of a number of research analyst reports. TD Cowen dropped their price target 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. The Goldman Sachs Group lifted their price target on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Mizuho increased their price objective on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Finally, Robert W. Baird boosted their price objective on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an "outperform" 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 company. Based on data from MarketBeat, Hilton Worldwide currently has a consensus rating of "Hold" and an average target price of $238.24.

About Hilton Worldwide

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.