Brown Lisle Cummings Inc. Has $116,000 Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Brown Lisle Cummings Inc. grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 276.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 470 shares of the company’s stock after purchasing an additional 345 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Hilton Worldwide were worth $116,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in HLT. GHP Investment Advisors Inc. bought a new stake in Hilton Worldwide during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $34,000. Groupama Asset Managment increased its holdings in shares of Hilton Worldwide by 37.8% in the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after purchasing an additional 4,118 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Hilton Worldwide in the 3rd quarter worth approximately $38,000. Finally, True Wealth Design LLC lifted 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 worth $40,000 after buying an additional 168 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Trading Up 1.0 %

NYSE:HLT opened at $258.85 on Wednesday. Hilton Worldwide Holdings Inc. has a 1 year low of $186.83 and a 1 year high of $259.21. The stock has a 50-day moving average price of $249.66 and a two-hundred day moving average price of $234.83. The stock has a market cap of $63.10 billion, a price-to-earnings ratio of 55.55, a PEG ratio of 2.67 and a beta of 1.29.

Hilton Worldwide announced that its Board of Directors has approved 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 repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HLT. 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 research report on Thursday, October 24th. Evercore ISI boosted their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Bank of America boosted their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Truist Financial raised their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $238.71.

Insider Activity

In related news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

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.