First Horizon Advisors Inc. Acquires 58 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

First Horizon Advisors Inc. lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 780 shares of the company’s stock after acquiring an additional 58 shares during the quarter. First Horizon Advisors Inc.’s holdings in Hilton Worldwide were worth $180,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Shell Asset Management Co. bought a new position in shares of Hilton Worldwide in the first quarter valued at about $390,000. Advisors Asset Management Inc. raised its holdings in Hilton Worldwide by 35.4% in the 1st quarter. Advisors Asset Management Inc. now owns 3,607 shares of the company’s stock valued at $769,000 after acquiring an additional 943 shares during the period. BOKF NA lifted its position in Hilton Worldwide by 2,172.0% during the first quarter. BOKF NA now owns 6,248 shares of the company’s stock worth $1,329,000 after acquiring an additional 5,973 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Hilton Worldwide by 23.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,405 shares of the company’s stock worth $300,000 after acquiring an additional 269 shares during the period. Finally, Tidal Investments LLC grew its position in shares of Hilton Worldwide by 45.4% in the first quarter. Tidal Investments LLC now owns 18,392 shares of the company’s stock valued at $3,928,000 after purchasing an additional 5,740 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

HLT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Macquarie boosted their target price on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Bank of America raised their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Truist Financial boosted their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Finally, Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $228.71.

Hilton Worldwide Stock Performance

Shares of HLT opened at $253.00 on Friday. The business’s fifty day moving average is $237.24 and its 200-day moving average is $220.44. The firm has a market cap of $61.68 billion, a price-to-earnings ratio of 54.29, a PEG ratio of 3.17 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 52-week low of $165.25 and a 52-week high of $255.86.

Hilton Worldwide (NYSE:HLT) last issued 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. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.24%. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

Hilton Worldwide declared that its board has initiated a stock buyback plan on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Michael W. Duffy sold 14,357 shares of the business’s 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 sale, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. The trade was a 38.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Laura Fuentes sold 4,919 shares of the stock in a transaction dated Friday, September 13th. The shares were 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 of the company’s stock, valued at $3,460,933. This represents a 23.57 % 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.