Brown Lisle Cummings Inc. Has $116,000 Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Brown Lisle Cummings Inc. raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 276.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 470 shares of the company’s stock after buying an additional 345 shares during the period. Brown Lisle Cummings Inc.’s holdings in Hilton Worldwide were worth $116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLT. Signature Estate & Investment Advisors LLC increased its stake in shares of Hilton Worldwide by 2.1% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock worth $468,000 after purchasing an additional 42 shares during the period. Harbor Capital Advisors Inc. increased its position in Hilton Worldwide by 0.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock worth $1,946,000 after buying an additional 44 shares during the period. Graypoint LLC lifted its holdings in shares of Hilton Worldwide by 2.6% during the third quarter. Graypoint LLC now owns 1,869 shares of the company’s stock worth $431,000 after buying an additional 47 shares in the last quarter. Meadow Creek Wealth Advisors LLC boosted its position in shares of Hilton Worldwide by 4.2% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock valued at $273,000 after acquiring an additional 48 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of Hilton Worldwide by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock valued at $92,000 after acquiring an additional 48 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on HLT shares. Truist Financial increased their target price on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. JPMorgan Chase & Co. upped their target price on Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Barclays raised their price target on Hilton Worldwide from $243.00 to $268.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company increased their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and an average price target of $238.71.

Insider Buying and Selling

In other news, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction 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. This trade represents a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Trading Up 1.0 %

Shares of HLT stock opened at $258.85 on Wednesday. The business’s 50-day moving average price is $249.66 and its 200-day moving average price is $234.83. Hilton Worldwide Holdings Inc. has a 12 month low of $186.83 and a 12 month high of $259.21. The firm has a market capitalization of $63.10 billion, a price-to-earnings ratio of 55.55, a PEG ratio of 2.67 and a beta of 1.29.

Hilton Worldwide declared that its Board of Directors has initiated a stock buyback program on Thursday, November 14th that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership 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.