852 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Purchased by Pines Wealth Management LLC

Pines Wealth Management LLC purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 852 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds also recently modified their holdings of HLT. GHP Investment Advisors Inc. bought a new stake in Hilton Worldwide during the 3rd quarter worth approximately $25,000. Groupama Asset Managment boosted its stake in Hilton Worldwide by 37.8% in the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after purchasing an additional 4,118 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Hilton Worldwide during the third quarter worth $38,000. True Wealth Design LLC raised its holdings 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 valued at $40,000 after buying an additional 168 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in Hilton Worldwide during the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the sale, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Bank of America upped their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Barclays lifted their target price on Hilton Worldwide from $243.00 to $268.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Evercore ISI raised their price target on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Finally, Melius Research reissued a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Hold” and a consensus target price of $238.24.

Hilton Worldwide Trading Down 0.5 %

NYSE:HLT opened at $243.86 on Thursday. The stock has a market cap of $59.45 billion, a price-to-earnings ratio of 52.33, a PEG ratio of 3.18 and a beta of 1.30. The stock has a 50-day moving average price of $249.57 and a two-hundred day moving average price of $231.66. Hilton Worldwide Holdings Inc. has a 1 year low of $180.96 and a 1 year high of $259.01.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the business earned $1.67 EPS. Hilton Worldwide’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide announced that its Board of Directors has approved a share buyback program on Thursday, November 14th that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 12.88%.

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.