Landscape Capital Management L.L.C. Invests $893,000 in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Landscape Capital Management L.L.C. purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,876 shares of the company’s stock, valued at approximately $893,000.

A number of other institutional investors have also recently added to or reduced their stakes in HLT. GHP Investment Advisors Inc. purchased a new position in shares of Hilton Worldwide in the 3rd quarter valued at $25,000. EdgeRock Capital LLC bought a new position in shares of Hilton Worldwide during the second quarter worth about $33,000. NewSquare Capital LLC acquired a new position in Hilton Worldwide in the second quarter worth about $37,000. Family Firm Inc. bought a new position in Hilton Worldwide during the 2nd quarter worth approximately $38,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In other news, 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 transaction of $3,384,375.61. Following the completion of the sale, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. The trade was a 38.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Laura Fuentes sold 4,919 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 23.57 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.

Analyst Ratings Changes

HLT has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. The Goldman Sachs Group began coverage on Hilton Worldwide in a report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price target on the stock. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Robert W. Baird boosted their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Bank of America increased their price objective on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $228.71.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $252.93 on Friday. The stock has a market capitalization of $61.66 billion, a PE ratio of 54.28, a PEG ratio of 3.14 and a beta of 1.30. The stock’s fifty day moving average is $237.24 and its 200-day moving average is $220.30. Hilton Worldwide Holdings Inc. has a 52 week low of $165.25 and a 52 week high of $255.86.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $1.67 EPS. As a group, analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Hilton Worldwide Announces Dividend

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

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.