Opal Wealth Advisors LLC Purchases 107 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Opal Wealth Advisors LLC raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,337 shares of the company’s stock after acquiring an additional 107 shares during the period. Opal Wealth Advisors LLC’s holdings in Hilton Worldwide were worth $330,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after purchasing an additional 1,429,537 shares during the last quarter. Jennison Associates LLC increased its position in shares of Hilton Worldwide by 33.2% during the 3rd quarter. Jennison Associates LLC now owns 3,234,809 shares of the company’s stock worth $745,624,000 after purchasing an additional 806,029 shares during the last quarter. Stockbridge Partners LLC increased its position in shares of Hilton Worldwide by 63.6% during the 3rd quarter. Stockbridge Partners LLC now owns 1,544,399 shares of the company’s stock worth $355,984,000 after purchasing an additional 600,593 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Hilton Worldwide by 23,730.1% during the 3rd quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock worth $1,104,610,000 after purchasing an additional 477,212 shares during the last quarter. Finally, FMR LLC increased its position in shares of Hilton Worldwide by 2.1% during the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company’s stock worth $2,585,148,000 after purchasing an additional 226,223 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the transaction, 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 disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $269.55 on Monday. The stock has a fifty day moving average price of $250.63 and a 200-day moving average price of $235.95. The company has a market cap of $65.71 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 2.85 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a fifty-two week low of $186.83 and a fifty-two week high of $274.18.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 57.01% and a net margin of 13.74%. Research analysts predict that Hilton Worldwide Holdings Inc. will post 7.76 EPS for the current fiscal year.

Hilton Worldwide declared that its Board of Directors has initiated a share repurchase program on Thursday, November 14th that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 dividend yield of 0.22%. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HLT shares. JPMorgan Chase & Co. boosted 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. Melius Research reissued a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Macquarie boosted their target price on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday. Mizuho reissued a “neutral” rating and set a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group boosted their target price on Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $244.06.

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.