Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,795 shares of the company’s stock after buying an additional 282 shares during the period. Summit Trail Advisors LLC’s holdings in Hilton Worldwide were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its stake in shares of Hilton Worldwide by 3.0% during the 3rd quarter. Larson Financial Group LLC now owns 11,345 shares of the company’s stock worth $2,615,000 after acquiring an additional 329 shares in the last quarter. Swedbank AB boosted its position in Hilton Worldwide by 0.3% during the third quarter. Swedbank AB now owns 146,236 shares of the company’s stock worth $33,707,000 after purchasing an additional 409 shares in the last quarter. Cerity Partners LLC grew its holdings in Hilton Worldwide by 38.8% in the third quarter. Cerity Partners LLC now owns 13,505 shares of the company’s stock valued at $3,113,000 after purchasing an additional 3,773 shares during the last quarter. Icon Wealth Advisors LLC increased its position in shares of Hilton Worldwide by 2,907.3% in the third quarter. Icon Wealth Advisors LLC now owns 31,276 shares of the company’s stock valued at $7,209,000 after buying an additional 30,236 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Hilton Worldwide by 6.0% during the 3rd quarter. Raymond James Trust N.A. now owns 3,925 shares of the company’s stock worth $905,000 after buying an additional 223 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $253.66 on Tuesday. The company has a market cap of $61.84 billion, a price-to-earnings ratio of 54.43, a PEG ratio of 3.18 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 1 year low of $165.25 and a 1 year high of $255.86. The firm has a 50 day moving average price of $237.95 and a 200 day moving average price of $220.94.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.07. The company had revenue of $2.87 billion during 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%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 EPS. Sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

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

Hilton Worldwide Dividend Announcement

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

Insider Transactions at Hilton Worldwide

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

Analyst Ratings Changes

Several equities analysts have weighed in on HLT shares. Evercore ISI raised their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Wells Fargo & Company reduced their target price on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Macquarie raised their price target on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus price target of $228.71.

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.