InTrack Investment Management Inc Sells 700 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

InTrack Investment Management Inc trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 30.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,600 shares of the company’s stock after selling 700 shares during the period. InTrack Investment Management Inc’s holdings in Hilton Worldwide were worth $392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HLT. GHP Investment Advisors Inc. bought a new stake in Hilton Worldwide during the 3rd quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Hilton Worldwide in the third quarter valued at approximately $38,000. True Wealth Design LLC grew its stake 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 worth $40,000 after acquiring an additional 168 shares during the last quarter. Friedenthal Financial acquired a new position in Hilton Worldwide during the 4th quarter valued at $49,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Hilton Worldwide in the 3rd quarter valued at $46,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Michael W. Duffy sold 14,357 shares of the 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 transaction, the insider now directly 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 at the SEC website. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Stock Up 0.0 %

Hilton Worldwide stock opened at $246.69 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $182.86 and a 12-month high of $259.01. The stock has a 50-day simple moving average of $249.53 and a 200 day simple moving average of $231.85. The stock has a market capitalization of $60.14 billion, a price-to-earnings ratio of 52.94, a P/E/G ratio of 2.69 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $2.87 billion for 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%. Hilton Worldwide’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 earnings per share. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

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

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. Hilton Worldwide’s payout ratio is currently 12.88%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays upped their price objective on shares of Hilton Worldwide from $243.00 to $268.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. raised their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Truist Financial upped their target price on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Mizuho lifted their price target on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company reduced their price objective on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a report 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.com, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus target price of $238.24.

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.