Quest Partners LLC Grows Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Quest Partners LLC boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 133.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,388 shares of the company's stock after acquiring an additional 2,512 shares during the quarter. Quest Partners LLC's holdings in Hilton Worldwide were worth $1,011,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. GHP Investment Advisors Inc. bought a new position in Hilton Worldwide during the 3rd quarter worth approximately $25,000. EdgeRock Capital LLC bought a new position in Hilton Worldwide during the 2nd quarter valued at $33,000. Ashton Thomas Securities LLC purchased a new position in Hilton Worldwide during the third quarter worth about $38,000. NewSquare Capital LLC purchased a new stake in shares of Hilton Worldwide during the second quarter valued at approximately $37,000. Finally, Family Firm Inc. bought a new stake in Hilton Worldwide in the second quarter worth about $38,000. Institutional investors own 95.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Macquarie boosted their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. The Goldman Sachs Group started coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They set a "buy" rating and a $245.00 price target on the stock. Mizuho increased their target price on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Truist Financial boosted their target price on Hilton Worldwide from $208.00 to $220.00 and gave the stock a "hold" rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a "hold" rating on the stock in a research report on Thursday, August 8th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and a consensus target price of $228.71.

Hilton Worldwide Price Performance

NYSE HLT traded up $2.04 during trading hours on Thursday, reaching $252.18. 136,154 shares of the company's stock traded hands, compared to its average volume of 1,545,310. Hilton Worldwide Holdings Inc. has a 52-week low of $165.25 and a 52-week high of $255.86. The firm has a 50-day simple moving average of $235.80 and a 200 day simple moving average of $219.71. The firm has a market cap of $61.48 billion, a PE ratio of 53.68, a PEG ratio of 3.14 and a beta of 1.30.

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

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.24%. Hilton Worldwide's payout ratio is 12.88%.

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

Insiders Place Their Bets

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

Hilton Worldwide Profile

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.