M&T Bank Corp Grows Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

M&T Bank Corp grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 44.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,369 shares of the company's stock after buying an additional 6,002 shares during the period. M&T Bank Corp's holdings in Hilton Worldwide were worth $4,464,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

HLT has been the topic of several recent research reports. TD Cowen dropped their price target on shares of Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Evercore ISI lifted their target price on Hilton Worldwide from $210.00 to $240.00 and gave the company an "in-line" rating in a research report on Monday, October 21st. The Goldman Sachs Group increased their price target on Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a research report on Tuesday. Mizuho lifted their price objective on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Melius Research reiterated a "hold" rating on shares of Hilton Worldwide in a report on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $232.65.

Hilton Worldwide Stock Down 1.2 %

Shares of NYSE HLT traded down $3.12 during trading on Friday, reaching $252.78. The company had a trading volume of 1,183,437 shares, compared to its average volume of 1,538,598. The business's 50-day moving average is $244.57 and its 200 day moving average is $225.09. The stock has a market cap of $61.62 billion, a PE ratio of 54.48, a P/E/G ratio of 3.23 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 12-month low of $175.80 and a 12-month high of $259.01.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating 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 business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the business earned $1.67 EPS. Hilton Worldwide's revenue was up 7.3% compared to the same quarter last year. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.15 per share. 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 dividend payout ratio is 12.88%.

Hilton Worldwide announced that its board has approved a share repurchase program 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 programs are generally an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Michael W. Duffy sold 14,357 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 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.