Avanza Fonder AB purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,235 shares of the company's stock, valued at approximately $4,260,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. bought a new position in Hilton Worldwide during the third quarter valued at approximately $25,000. Groupama Asset Managment lifted its stake in shares of Hilton Worldwide by 37.8% in the 3rd 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 bought a new stake in shares of Hilton Worldwide in the 3rd quarter valued at approximately $38,000. True Wealth Design LLC lifted its stake in shares of Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company's stock valued at $40,000 after purchasing 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 approximately $46,000. 95.90% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently issued reports on HLT. Evercore ISI raised their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the company an "in-line" rating in a research note on Monday, October 21st. Barclays raised their price objective on Hilton Worldwide from $243.00 to $268.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. JPMorgan Chase & Co. raised their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Truist Financial raised their price target on Hilton Worldwide from $208.00 to $220.00 and gave the stock a "hold" rating in a research note on Thursday, October 24th. Finally, Mizuho raised their price target on Hilton Worldwide from $237.00 to $243.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $238.24.
Read Our Latest Stock Report on HLT
Hilton Worldwide Stock Up 0.0 %
Shares of Hilton Worldwide stock traded up $0.04 during trading on Friday, reaching $246.69. The company's stock had a trading volume of 1,369,221 shares, compared to its average volume of 1,035,304. The company has a 50-day simple moving average of $249.51 and a two-hundred day simple moving average of $232.07. Hilton Worldwide Holdings Inc. has a 1-year low of $182.86 and a 1-year high of $259.01. The company has a market cap of $60.14 billion, a price-to-earnings ratio of 52.94, a P/E/G ratio of 2.69 and a beta of 1.30.
Hilton Worldwide (NYSE:HLT - Get Free Report) last issued 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. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The company had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. The firm's revenue was up 7.3% compared to the same quarter last year. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.
Hilton Worldwide Dividend Announcement
The company also recently declared 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 was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. Hilton Worldwide's dividend payout ratio is currently 12.88%.
Hilton Worldwide declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
Insiders Place Their Bets
In other news, insider Michael W. Duffy sold 23,366 shares of the business's stock in a transaction dated 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 owns 22,833 shares of the company's stock, valued at $5,746,152.78. The trade was a 50.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by insiders.
About Hilton Worldwide
(
Free Report)
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.
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