Opal Wealth Advisors LLC Has $330,000 Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Opal Wealth Advisors LLC grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,337 shares of the company’s stock after buying an additional 107 shares during the period. Opal Wealth Advisors LLC’s holdings in Hilton Worldwide were worth $330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HLT. Principal Financial Group Inc. increased its stake in shares of 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 buying an additional 1,429,537 shares during the period. Jennison Associates LLC increased its stake in shares of 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 period. Stockbridge Partners LLC increased its stake in shares of Hilton Worldwide by 63.6% in the third quarter. Stockbridge Partners LLC now owns 1,544,399 shares of the company’s stock valued at $355,984,000 after buying an additional 600,593 shares during the period. International Assets Investment Management LLC grew its stake in Hilton Worldwide by 23,730.1% during the third quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock worth $1,104,610,000 after purchasing an additional 477,212 shares during the period. Finally, FMR LLC grew its stake in Hilton Worldwide by 2.1% during the third quarter. FMR LLC now owns 11,215,391 shares of the company’s stock worth $2,585,148,000 after purchasing an additional 226,223 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Down 0.3 %

HLT stock opened at $269.55 on Monday. Hilton Worldwide Holdings Inc. has a twelve month low of $186.83 and a twelve month high of $274.18. The stock’s 50 day moving average is $250.63 and its 200-day moving average is $235.95. The firm has a market capitalization of $65.71 billion, a PE ratio of 43.83, a P/E/G ratio of 2.85 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 57.01% and a net margin of 13.74%. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.76 earnings per share for the current fiscal year.

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

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s payout ratio is 9.76%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the sale, the insider now directly owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,746,152.78. This represents a 50.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HLT shares. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Barclays raised their target price on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. TD Cowen decreased their target price on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Bank of America increased their price target on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $244.06.

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.