Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Bought by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC grew its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,569 shares of the company’s stock after acquiring an additional 66 shares during the period. Premier Path Wealth Partners LLC’s holdings in Hilton Worldwide were worth $635,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. purchased a new stake in Hilton Worldwide during the third quarter worth $25,000. Groupama Asset Managment boosted its position in shares of Hilton Worldwide by 37.8% in the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after buying an additional 4,118 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Hilton Worldwide in the 3rd quarter valued at about $38,000. True Wealth Design LLC increased its holdings in Hilton Worldwide by 2,400.0% during the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock valued at $40,000 after acquiring an additional 168 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in Hilton Worldwide during the third quarter worth about $46,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

HLT has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. TD Cowen dropped their price target on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Bank of America upped their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Finally, The Goldman Sachs Group upped their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Hold” and an average price target of $238.24.

Hilton Worldwide Stock Up 0.0 %

Shares of NYSE HLT opened at $246.69 on Friday. The stock has a market capitalization of $60.14 billion, a PE ratio of 52.94, a P/E/G ratio of 2.69 and a beta of 1.30. The firm has a fifty day moving average of $249.51 and a 200-day moving average of $232.07. Hilton Worldwide Holdings Inc. has a 52-week low of $182.86 and a 52-week high of $259.01.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 15th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.24%. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

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

Insider Activity

In related news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 38.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.