Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,944 shares of the company’s stock after selling 100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Hilton Worldwide were worth $480,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Mather Group LLC. boosted its position in shares of Hilton Worldwide by 13.8% in the 3rd quarter. Mather Group LLC. now owns 726 shares of the company’s stock valued at $167,000 after purchasing an additional 88 shares during the period. Atomi Financial Group Inc. lifted its stake in Hilton Worldwide by 6.2% in the third quarter. Atomi Financial Group Inc. now owns 1,341 shares of the company’s stock valued at $309,000 after buying an additional 78 shares during the last quarter. Daymark Wealth Partners LLC acquired a new stake in shares of Hilton Worldwide in the third quarter valued at approximately $262,000. CWM LLC grew its position in shares of Hilton Worldwide by 4.5% during the third quarter. CWM LLC now owns 6,890 shares of the company’s stock worth $1,588,000 after acquiring an additional 294 shares during the last quarter. Finally, Marcum Wealth LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HLT. The Goldman Sachs Group raised their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Evercore ISI boosted their price target on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Wells Fargo & Company increased their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Bank of America boosted their target price on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Barclays increased their price target on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $244.06.

Hilton Worldwide Trading Down 0.3 %

HLT stock opened at $269.55 on Friday. The company has a market cap of $65.71 billion, a price-to-earnings ratio of 57.84, a PEG ratio of 2.67 and a beta of 1.29. The firm has a 50 day moving average of $250.31 and a 200-day moving average of $235.50. Hilton Worldwide Holdings Inc. has a 12-month low of $186.83 and a 12-month high of $274.18.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s payout ratio is currently 9.76%.

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

Insider Buying and Selling at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. This 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.

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.