First Business Financial Services Inc. Has $1.58 Million Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

First Business Financial Services Inc. increased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,831 shares of the company’s stock after purchasing an additional 416 shares during the quarter. First Business Financial Services Inc.’s holdings in Hilton Worldwide were worth $1,575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. bought a new stake in shares of Hilton Worldwide during the third quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide during the 2nd quarter worth about $33,000. NewSquare Capital LLC bought a new stake in shares of Hilton Worldwide in the 2nd quarter valued at about $37,000. Family Firm Inc. acquired a new stake in Hilton Worldwide during the 2nd quarter worth $38,000. Finally, Ashton Thomas Securities LLC bought a new position in Hilton Worldwide in the third quarter valued at approximately $38,000. 95.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

HLT has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Truist Financial boosted their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Finally, Mizuho increased their price target on Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide currently has a consensus rating of “Hold” and an average target price of $228.71.

Hilton Worldwide Stock Performance

HLT opened at $250.08 on Friday. Hilton Worldwide Holdings Inc. has a 52-week low of $164.93 and a 52-week high of $255.86. The business’s fifty day moving average is $232.18 and its 200-day moving average is $217.92. The firm has a market cap of $60.96 billion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 3.18 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. On average, research analysts predict that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s payout ratio is 12.88%.

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

Insider Buying and Selling at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. This trade represents a 23.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This represents a 38.60 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

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.