Angeles Wealth Management LLC Increases Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Angeles Wealth Management LLC increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.7% in the fourth quarter, Holdings Channel reports. The fund owned 1,422 shares of the company’s stock after purchasing an additional 51 shares during the quarter. Angeles Wealth Management LLC’s holdings in Hilton Worldwide were worth $351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC lifted its position in shares of Hilton Worldwide by 2.1% in the 3rd 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. lifted its holdings in Hilton Worldwide by 0.5% during the third 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 boosted its position in Hilton Worldwide by 2.6% during the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company’s stock valued at $431,000 after acquiring an additional 47 shares in the last quarter. Meadow Creek Wealth Advisors LLC increased its holdings in shares of Hilton Worldwide by 4.2% in the 3rd 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 raised its position in shares of Hilton Worldwide by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock worth $92,000 after acquiring an additional 48 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Trading Down 0.8 %

HLT opened at $267.43 on Tuesday. The firm has a 50 day moving average of $250.63 and a two-hundred day moving average of $236.10. The firm has a market capitalization of $65.19 billion, a PE ratio of 43.48, a P/E/G ratio of 2.85 and a beta of 1.29. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 57.01%. As a group, analysts predict that Hilton Worldwide Holdings Inc. will post 7.76 EPS for the current fiscal year.

Hilton Worldwide declared that its Board of Directors has initiated a share repurchase program on Thursday, November 14th that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s dividend payout ratio (DPR) is 9.76%.

Insider Activity at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction that occurred 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 directly owns 22,833 shares of the company’s stock, valued at $5,746,152.78. The trade was a 50.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction on 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 trade represents a 34.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HLT shares. Truist Financial lifted their target price on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Evercore ISI increased 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 report on Monday, October 21st. Robert W. Baird lifted their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Macquarie increased their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and an average target price of $246.61.

About Hilton Worldwide

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.