McElhenny Sheffield Capital Management LLC Sells 316 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

McElhenny Sheffield Capital Management LLC lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,332 shares of the company’s stock after selling 316 shares during the period. McElhenny Sheffield Capital Management LLC’s holdings in Hilton Worldwide were worth $576,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GHP Investment Advisors Inc. bought a new stake in shares of Hilton Worldwide during the 3rd quarter valued at about $25,000. Groupama Asset Managment lifted its position in Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after purchasing an additional 4,118 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Hilton Worldwide in the 3rd quarter worth approximately $38,000. True Wealth Design LLC increased its holdings in shares of Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock worth $40,000 after buying an additional 168 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Hilton Worldwide during the 3rd quarter valued at $46,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HLT has been the topic of a number of research analyst reports. Mizuho increased their target price on Hilton Worldwide from $237.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Melius lowered Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Truist Financial boosted their target price on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Barclays increased their price target 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. Finally, Evercore ISI boosted their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $238.24.

Hilton Worldwide Stock Up 0.0 %

Shares of HLT stock opened at $246.69 on Friday. The firm has a market capitalization of $60.14 billion, a price-to-earnings ratio of 52.94, a PEG ratio of 2.69 and a beta of 1.30. The stock has a fifty day moving average of $249.51 and a 200 day moving average of $232.07. Hilton Worldwide Holdings Inc. has a 52 week low of $182.86 and a 52 week high of $259.01.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping 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 firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company posted $1.67 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

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

Hilton Worldwide Announces Dividend

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

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.