Activest Wealth Management Takes Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Activest Wealth Management purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 245 shares of the company’s stock, valued at approximately $56,000.

Several other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. grew its holdings in 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 acquiring an additional 1,429,537 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Hilton Worldwide by 36.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock worth $1,037,464,000 after purchasing an additional 1,282,676 shares in the last quarter. Capital World Investors lifted its position in Hilton Worldwide by 66.3% in the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after acquiring an additional 1,246,662 shares during the last quarter. Jennison Associates LLC grew its stake in 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 buying an additional 806,029 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Hilton Worldwide by 23,730.1% during the third quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock worth $1,104,610,000 after acquiring an additional 477,212 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 0.3 %

Shares of HLT traded up $0.77 during mid-day trading on Thursday, reaching $250.91. 35,452 shares of the stock traded hands, compared to its average volume of 1,544,864. The firm has a market cap of $61.17 billion, a price-to-earnings ratio of 53.68, a P/E/G ratio of 3.14 and a beta of 1.30. The stock has a fifty day simple moving average of $235.80 and a 200 day simple moving average of $219.71. Hilton Worldwide Holdings Inc. has a 12-month low of $165.25 and a 12-month high of $255.86.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company posted $1.67 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide declared that its board has approved a stock buyback plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Hilton Worldwide Dividend Announcement

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

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the company’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 sale, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. This represents a 38.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction that occurred on 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 transaction, the insider now owns 15,949 shares of the company’s stock, 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. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HLT shares. Robert W. Baird boosted their price target on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen lowered their price target on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Truist Financial lifted their target price 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. Macquarie increased their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average 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.