FSM Wealth Advisors LLC Boosts Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

FSM Wealth Advisors LLC increased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,855 shares of the company’s stock after acquiring an additional 133 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Hilton Worldwide were worth $457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. purchased a new stake in shares of Hilton Worldwide in the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Hilton Worldwide in the 4th quarter worth $34,000. Ashton Thomas Securities LLC bought a new stake in Hilton Worldwide during the third quarter valued at about $38,000. True Wealth Design LLC lifted its position in shares of Hilton Worldwide by 2,400.0% in the third quarter. True Wealth Design LLC now owns 175 shares of the company’s stock valued at $40,000 after acquiring an additional 168 shares in the last quarter. Finally, Friedenthal Financial bought a new position in shares of Hilton Worldwide in the fourth quarter worth about $49,000. Institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 22,833 shares in the company, valued at $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $256.24 on Monday. The firm has a market capitalization of $62.47 billion, a PE ratio of 54.99, a PEG ratio of 2.67 and a beta of 1.29. The stock’s fifty day moving average is $249.60 and its 200 day moving average is $234.46. Hilton Worldwide Holdings Inc. has a fifty-two week low of $186.83 and a fifty-two week high of $259.01.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HLT. Wells Fargo & Company decreased 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. JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Jefferies Financial Group raised their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. TD Cowen decreased 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 note on Thursday, October 24th. Finally, Melius lowered 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 issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $238.24.

About Hilton Worldwide

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.