Hilton Worldwide Holdings Inc. (NYSE:HLT) Position Increased by HB Wealth Management LLC

HB Wealth Management LLC increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 20.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,093 shares of the company's stock after acquiring an additional 1,185 shares during the period. HB Wealth Management LLC's holdings in Hilton Worldwide were worth $1,753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC lifted its stake in Hilton Worldwide by 2.1% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company's stock worth $468,000 after purchasing an additional 42 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Hilton Worldwide by 0.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company's stock worth $1,946,000 after buying an additional 44 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Hilton Worldwide by 4.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company's stock valued at $269,000 after buying an additional 46 shares during the period. Graypoint LLC grew its position in shares of Hilton Worldwide by 2.6% during the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company's stock valued at $431,000 after buying an additional 47 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC raised its stake in Hilton Worldwide by 4.2% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company's stock worth $273,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on HLT. Mizuho upped their target price on Hilton Worldwide from $237.00 to $243.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Melius cut Hilton Worldwide from a "buy" rating to a "hold" rating in a research note on Monday, October 21st. Truist Financial upped their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a "hold" rating in a research report on Thursday, October 24th. Barclays lifted their price objective on shares of Hilton Worldwide from $243.00 to $268.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Hilton Worldwide has a consensus rating of "Hold" and a consensus price target of $238.24.

Hilton Worldwide Stock Up 0.4 %

NYSE:HLT traded up $0.87 during trading hours on Tuesday, reaching $247.48. 2,011,642 shares of the company's stock were exchanged, compared to its average volume of 1,387,742. The company has a market capitalization of $60.33 billion, a P/E ratio of 53.11, a price-to-earnings-growth ratio of 2.77 and a beta of 1.30. The business's 50-day simple moving average is $249.44 and its two-hundred day simple moving average is $232.51. Hilton Worldwide Holdings Inc. has a 12 month low of $186.83 and a 12 month high of $259.01.

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

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Friday, November 15th. Hilton Worldwide's dividend payout ratio is 12.88%.

Hilton Worldwide declared that its Board of Directors has approved a share buyback plan on Thursday, November 14th that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate 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.