Chevy Chase Trust Holdings LLC lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,958 shares of the company's stock after selling 4,192 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Hilton Worldwide worth $31,626,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. GHP Investment Advisors Inc. acquired a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at $34,000. 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 acquired a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $38,000. Finally, 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. Institutional investors and hedge funds own 95.90% of the company's stock.
Hilton Worldwide Stock Performance
Shares of NYSE:HLT traded up $0.88 on Wednesday, hitting $269.75. 1,522,223 shares of the company were exchanged, compared to its average volume of 1,534,151. The company's 50 day moving average price is $252.77 and its two-hundred day moving average price is $238.82. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22. The firm has a market capitalization of $64.90 billion, a price-to-earnings ratio of 43.86, a PEG ratio of 2.84 and a beta of 1.29.
Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be paid a $0.15 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. Hilton Worldwide's payout ratio is currently 9.76%.
Hilton Worldwide announced that its Board of Directors has authorized a stock buyback program on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.
Analyst Upgrades and Downgrades
HLT has been the subject of several analyst reports. Barclays lifted their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Wells Fargo & Company lifted their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. The Goldman Sachs Group boosted their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Raymond James boosted their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, Mizuho reissued a "neutral" rating and set a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $246.61.
Get Our Latest Report on HLT
Insider Activity at Hilton Worldwide
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael W. Duffy sold 23,366 shares of the company'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 sale, the insider now directly owns 22,833 shares in the company, valued at $5,746,152.78. This represents a 50.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
About Hilton Worldwide
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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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