Charles Schwab Investment Management Inc. Acquires 1,384 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Charles Schwab Investment Management Inc. grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,557,351 shares of the company’s stock after acquiring an additional 1,384 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hilton Worldwide were worth $358,969,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Shell Asset Management Co. bought a new position in Hilton Worldwide in the first quarter worth about $390,000. EP Wealth Advisors LLC boosted its stake in Hilton Worldwide by 1.5% in the first quarter. EP Wealth Advisors LLC now owns 3,616 shares of the company’s stock valued at $771,000 after acquiring an additional 54 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Hilton Worldwide by 35.4% in the first quarter. Advisors Asset Management Inc. now owns 3,607 shares of the company’s stock worth $769,000 after purchasing an additional 943 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Hilton Worldwide during the first quarter worth $2,792,000. Finally, BOKF NA lifted its holdings in shares of Hilton Worldwide by 2,172.0% during the 1st quarter. BOKF NA now owns 6,248 shares of the company’s stock valued at $1,329,000 after purchasing an additional 5,973 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on HLT. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. TD Cowen dropped their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Truist Financial increased their price objective on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Finally, Melius lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and a consensus target price of $228.71.

Insider Transactions at Hilton Worldwide

In related 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 completion of the sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. This trade represents a 38.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares in the company, valued at $3,460,933. The trade was 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 Price Performance

Shares of NYSE:HLT opened at $252.93 on Friday. The business’s 50 day moving average price is $237.24 and its 200-day moving average price is $220.30. Hilton Worldwide Holdings Inc. has a 1 year low of $165.25 and a 1 year high of $255.86. The firm has a market capitalization of $61.66 billion, a price-to-earnings ratio of 54.28, a price-to-earnings-growth ratio of 3.14 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.07. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. Hilton Worldwide’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 EPS. On average, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.24%. Hilton Worldwide’s dividend payout ratio is presently 12.88%.

Hilton Worldwide declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 14th that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Hilton Worldwide Company 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.