Fmr LLC Grows Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Fmr LLC grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,215,391 shares of the company’s stock after buying an additional 226,223 shares during the period. Fmr LLC owned 4.60% of Hilton Worldwide worth $2,585,148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLT. Hancock Whitney Corp raised its holdings in Hilton Worldwide by 1.6% in the 3rd quarter. Hancock Whitney Corp now owns 10,627 shares of the company’s stock worth $2,450,000 after purchasing an additional 167 shares in the last quarter. Independent Advisor Alliance raised its stake in Hilton Worldwide by 3.4% in the third quarter. Independent Advisor Alliance now owns 2,552 shares of the company’s stock worth $588,000 after buying an additional 84 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Hilton Worldwide by 11.4% in the third quarter. Daiwa Securities Group Inc. now owns 30,470 shares of the company’s stock worth $7,023,000 after buying an additional 3,113 shares during the period. Summit Trail Advisors LLC boosted its position in Hilton Worldwide by 11.2% during the 3rd quarter. Summit Trail Advisors LLC now owns 2,795 shares of the company’s stock valued at $644,000 after acquiring an additional 282 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Hilton Worldwide by 3.0% during the 3rd quarter. Larson Financial Group LLC now owns 11,345 shares of the company’s stock worth $2,615,000 after acquiring an additional 329 shares during the period. Institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial lifted their price target on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. TD Cowen dropped their target price 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. Barclays lowered their price target on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Evercore ISI raised their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Finally, Macquarie boosted their price target on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and a consensus target price of $228.71.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the sale, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. This represents a 23.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide 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 directly owns 22,833 shares of the company’s stock, valued at $5,382,423.09. The trade was a 38.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT opened at $253.66 on Tuesday. Hilton Worldwide Holdings Inc. has a 1 year low of $165.25 and a 1 year high of $255.86. The company has a 50 day simple moving average of $237.95 and a two-hundred day simple moving average of $220.94. The firm has a market cap of $61.84 billion, a P/E ratio of 54.43, a price-to-earnings-growth ratio of 3.18 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. Hilton Worldwide’s revenue for the quarter 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 anticipate that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Announces Dividend

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

Hilton Worldwide declared that its board has approved a share 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 often an indication that the company’s management believes its shares are undervalued.

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.