Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,383 shares of the company's stock after selling 5,167 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Hilton Worldwide were worth $16,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Noble Wealth Management PBC purchased a new position in Hilton Worldwide during the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Hilton Worldwide during the 4th quarter worth $34,000. Groupama Asset Managment increased its holdings in Hilton Worldwide by 37.8% during the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock worth $35,000 after purchasing an additional 4,118 shares during the period. Sierra Ocean LLC purchased a new position in Hilton Worldwide during the 4th quarter worth $36,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Hilton Worldwide in the 3rd quarter valued at $38,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HLT. Mizuho reiterated a "neutral" rating and issued a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Raymond James lifted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Jefferies Financial Group lifted their price target on Hilton Worldwide from $237.00 to $277.00 and gave the company a "hold" rating in a report on Thursday, January 2nd. Macquarie lifted their price target on Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, Wells Fargo & Company boosted their target price on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $250.61.

Remove Ads

Hilton Worldwide Price Performance

HLT traded up $7.83 on Friday, reaching $229.61. 2,766,293 shares of the stock were exchanged, compared to its average volume of 1,735,965. The firm has a market capitalization of $55.24 billion, a PE ratio of 37.34, a PEG ratio of 2.86 and a beta of 1.29. The company's 50-day moving average price is $253.71 and its 200 day moving average price is $243.55. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. As a group, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.76%.

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

Insider Activity

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the business's stock in a transaction that occurred on 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. The trade was a 50.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher J. Nassetta sold 40,653 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % 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.

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.