First Horizon Advisors Inc. Purchases 536 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

First Horizon Advisors Inc. lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 68.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,316 shares of the company’s stock after acquiring an additional 536 shares during the period. First Horizon Advisors Inc.’s holdings in Hilton Worldwide were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. GHP Investment Advisors Inc. purchased a new stake in shares of Hilton Worldwide during the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Hilton Worldwide during the fourth quarter valued at $34,000. Sierra Ocean LLC purchased a new stake in Hilton Worldwide in the fourth quarter worth $36,000. Ashton Thomas Securities LLC purchased a new position in shares of Hilton Worldwide during the 3rd quarter valued at $38,000. Finally, True Wealth Design LLC grew its stake in shares of Hilton Worldwide by 2,400.0% during the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock worth $40,000 after acquiring an additional 168 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays increased their target price on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Macquarie boosted their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Raymond James lifted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Susquehanna increased their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Jefferies Financial Group upped their price target on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and an average target price of $248.56.

Hilton Worldwide Trading Down 0.4 %

Shares of Hilton Worldwide stock opened at $257.92 on Wednesday. The business’s 50-day moving average price is $253.67 and its 200-day moving average price is $240.87. The firm has a market capitalization of $62.05 billion, a PE ratio of 41.94, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12 month low of $193.86 and a 12 month high of $275.22.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide declared that its board has initiated a share repurchase plan on Thursday, November 14th that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.15 per share. The ex-dividend date is Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.23%. Hilton Worldwide’s payout ratio is 9.76%.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now 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 disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

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.