FSC Wealth Advisors LLC Takes Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

FSC Wealth Advisors LLC acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 233 shares of the company’s stock, valued at approximately $58,000.

Several other institutional investors have also recently bought and sold shares of HLT. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hilton Worldwide in the third quarter valued at about $765,000. Franklin Resources Inc. grew its stake in Hilton Worldwide by 3.1% in the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock valued at $1,012,069,000 after purchasing an additional 121,900 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Hilton Worldwide during the 3rd quarter worth approximately $38,000. Fiduciary Alliance LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $1,246,000. Finally, Chartwell Investment Partners LLC boosted its holdings in shares of Hilton Worldwide by 35.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 28,756 shares of the company’s stock valued at $6,628,000 after buying an additional 7,583 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

HLT has been the topic of several analyst reports. The Goldman Sachs Group upped their price target 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 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. Bank of America boosted their price target on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group raised their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Finally, Robert W. Baird boosted their target price on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $238.24.

Insider Activity

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the firm’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 transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Up 0.8 %

NYSE HLT opened at $249.73 on Tuesday. The company has a market cap of $60.88 billion, a price-to-earnings ratio of 53.59, a PEG ratio of 2.78 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 1-year low of $186.83 and a 1-year high of $259.01. The company has a 50 day moving average of $249.27 and a 200-day moving average of $233.42.

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

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.