908 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Bought by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 908 shares of the company’s stock, valued at approximately $224,000.

Several other large investors have also made changes to their positions in HLT. GHP Investment Advisors Inc. bought a new position in shares of Hilton Worldwide during the third quarter worth $25,000. Groupama Asset Managment lifted its stake in 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 purchasing an additional 4,118 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Hilton Worldwide during the 3rd quarter valued at about $38,000. True Wealth Design LLC grew its position in shares of Hilton Worldwide by 2,400.0% during the third quarter. True Wealth Design LLC now owns 175 shares of the company’s stock valued at $40,000 after purchasing an additional 168 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Hilton Worldwide in the third quarter worth about $46,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HLT has been the subject of several research analyst reports. Truist Financial raised their price target on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, October 24th. TD Cowen reduced their price target on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company reduced their target price on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and an average target price of $238.24.

Hilton Worldwide Stock Up 0.0 %

Shares of NYSE:HLT opened at $246.69 on Tuesday. The business’s 50 day moving average is $249.51 and its 200 day moving average is $232.30. The stock has a market cap of $60.14 billion, a P/E ratio of 52.94, a price-to-earnings-growth ratio of 2.69 and a beta of 1.30. 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, beating 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 firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm posted $1.67 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

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

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

Insiders Place Their Bets

In related news, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the sale, the insider now directly owns 22,833 shares in the company, valued at $5,746,152.78. This represents a 50.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.50% of the stock is owned by company insiders.

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.