Meeder Advisory Services Inc. Has $1.40 Million Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Meeder Advisory Services Inc. lowered its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,068 shares of the company’s stock after selling 90 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Hilton Worldwide were worth $1,399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HLT. Principal Financial Group Inc. lifted its stake in Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after buying an additional 1,429,537 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after acquiring an additional 1,282,676 shares during the period. Capital World Investors boosted its stake in Hilton Worldwide by 66.3% during the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after acquiring an additional 1,246,662 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Hilton Worldwide by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock valued at $614,841,000 after purchasing an additional 200,329 shares during the period. Finally, TD Asset Management Inc raised its holdings in Hilton Worldwide by 1.2% in the second quarter. TD Asset Management Inc now owns 2,158,468 shares of the company’s stock worth $470,978,000 after purchasing an additional 26,075 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on HLT shares. Mizuho upped their price objective on shares of Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America raised 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. Robert W. Baird boosted their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group started coverage on shares of Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 target price on the stock. Finally, Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $228.71.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the transaction, the insider now directly owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 23.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. This represents a 38.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Up 0.3 %

Shares of HLT opened at $249.11 on Tuesday. The company’s fifty day simple moving average is $234.25 and its 200 day simple moving average is $219.13. Hilton Worldwide Holdings Inc. has a 1-year low of $165.25 and a 1-year high of $255.86. The company has a market cap of $60.73 billion, a price-to-earnings ratio of 53.46, a PEG ratio of 3.13 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. Hilton Worldwide’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 EPS. As a group, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be 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 of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 12.88%.

Hilton Worldwide announced that its board has authorized a share buyback program on Thursday, November 14th that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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.