Summit Trail Advisors LLC Boosts Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Summit Trail Advisors LLC increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,795 shares of the company’s stock after buying an additional 282 shares during the quarter. Summit Trail Advisors LLC’s holdings in Hilton Worldwide were worth $644,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after buying an additional 1,282,676 shares during the period. Jennison Associates LLC lifted its position in Hilton Worldwide by 33.2% in the third quarter. Jennison Associates LLC now owns 3,234,809 shares of the company’s stock valued at $745,624,000 after buying an additional 806,029 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Hilton Worldwide by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock worth $614,841,000 after buying an additional 200,329 shares during the period. Finally, TD Asset Management Inc increased its position in shares of Hilton Worldwide by 1.2% during the second quarter. TD Asset Management Inc now owns 2,158,468 shares of the company’s stock valued at $470,978,000 after acquiring an additional 26,075 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Trading Up 0.3 %

Shares of NYSE HLT opened at $253.66 on Tuesday. The stock has a market cap of $61.84 billion, a P/E ratio of 54.43, a P/E/G ratio of 3.18 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a twelve month low of $165.25 and a twelve month high of $255.86. The stock has a 50 day moving average of $237.95 and a two-hundred day moving average of $220.94.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, beating the consensus estimate 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 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 prior year, the firm earned $1.67 EPS. Hilton Worldwide’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

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

Hilton Worldwide Dividend Announcement

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

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The trade was a 23.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the company’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 transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. The trade was a 38.60 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Wells Fargo & Company lowered their price target on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group assumed coverage on Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective on the stock. Truist Financial raised their target price on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Finally, Barclays cut their price target on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $228.71.

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.