Oak Thistle LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,361 shares of the company's stock, valued at approximately $584,000.
Other hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. purchased a new stake in Hilton Worldwide during the 3rd quarter worth $25,000. Groupama Asset Managment grew its stake in shares of 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 acquiring an additional 4,118 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Hilton Worldwide during the third quarter worth about $38,000. True Wealth Design LLC lifted its stake in shares of Hilton Worldwide by 2,400.0% in the third quarter. True Wealth Design LLC now owns 175 shares of the company's stock worth $40,000 after acquiring an additional 168 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Hilton Worldwide in the third quarter valued at about $46,000. Hedge funds and other institutional investors own 95.90% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. TD Cowen dropped their price objective on Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Melius Research reaffirmed a "hold" rating on shares of Hilton Worldwide in a report on Monday, October 21st. Barclays raised their price objective on shares of Hilton Worldwide from $243.00 to $268.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Truist Financial upped their target price on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. Finally, Robert W. Baird lifted their price target on Hilton Worldwide from $235.00 to $236.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and a consensus price target of $238.24.
Check Out Our Latest Research Report on HLT
Hilton Worldwide Stock Performance
Shares of Hilton Worldwide stock traded up $0.04 during trading on Friday, hitting $246.69. 1,369,216 shares of the stock were exchanged, compared to its average volume of 1,331,719. Hilton Worldwide Holdings Inc. has a 12 month low of $182.86 and a 12 month high of $259.01. The stock's fifty day moving average is $249.53 and its 200 day moving average is $231.85. The stock has a market cap of $60.14 billion, a PE ratio of 52.94, a P/E/G ratio of 2.69 and a beta of 1.30.
Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. The firm had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.90 billion. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. Hilton Worldwide's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 EPS. Sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.
Hilton Worldwide declared that its board has initiated a stock buyback plan on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. Hilton Worldwide's dividend payout ratio is presently 12.88%.
Insider Buying and Selling
In other news, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares of the company's stock, valued at $5,382,423.09. The trade was a 38.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.50% of the stock is owned by corporate insiders.
Hilton Worldwide Company Profile
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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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