Eaton Financial Holdings Company LLC Acquires Shares of 2,904 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Eaton Financial Holdings Company LLC acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,904 shares of the company's stock, valued at approximately $669,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. bought a new stake in shares of Hilton Worldwide during the 3rd quarter valued at about $25,000. EdgeRock Capital LLC purchased a new position in shares of Hilton Worldwide in the second quarter worth approximately $33,000. Groupama Asset Managment grew its position in Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock valued at $35,000 after buying an additional 4,118 shares during the period. NewSquare Capital LLC purchased a new stake in Hilton Worldwide during the second quarter valued at approximately $37,000. Finally, Family Firm Inc. bought a new position in Hilton Worldwide in the second quarter worth approximately $38,000. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Price Performance

Shares of HLT stock traded down $1.05 during trading hours on Thursday, hitting $255.90. The stock had a trading volume of 1,145,880 shares, compared to its average volume of 1,540,145. The stock's 50-day moving average price is $244.07 and its two-hundred day moving average price is $224.88. Hilton Worldwide Holdings Inc. has a one year low of $175.80 and a one year high of $259.01. The stock has a market capitalization of $62.38 billion, a price-to-earnings ratio of 55.12, a PEG ratio of 3.25 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the prior year, the firm earned $1.67 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. Hilton Worldwide's payout ratio is currently 12.88%.

Hilton Worldwide announced that its board has authorized a share buyback program on Thursday, November 14th that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HLT. TD Cowen cut their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Mizuho boosted their price target on Hilton Worldwide from $237.00 to $243.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Barclays decreased their price objective on Hilton Worldwide from $244.00 to $243.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. Bank of America boosted their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group raised their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $230.59.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now directly owns 15,949 shares of the company's stock, valued at $3,460,933. The trade was a 23.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the firm's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now owns 22,833 shares of the company's stock, valued at $5,382,423.09. This trade represents a 38.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company's stock.

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.