Accurate Wealth Management LLC Reduces Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Accurate Wealth Management LLC cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,242 shares of the company’s stock after selling 725 shares during the quarter. Accurate Wealth Management LLC’s holdings in Hilton Worldwide were worth $2,706,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. GHP Investment Advisors Inc. purchased a new position in shares of Hilton Worldwide in the 3rd quarter valued at approximately $25,000. Groupama Asset Managment raised its holdings in shares of Hilton Worldwide by 37.8% in the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after buying an additional 4,118 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Hilton Worldwide during the third quarter worth $38,000. True Wealth Design LLC grew its holdings in shares of Hilton Worldwide by 2,400.0% during the third quarter. True Wealth Design LLC now owns 175 shares of the company’s stock valued at $40,000 after buying an additional 168 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Trading Up 1.4 %

Shares of HLT stock opened at $244.87 on Wednesday. Hilton Worldwide Holdings Inc. has a 12-month low of $180.96 and a 12-month high of $259.01. The business’s 50 day moving average is $249.57 and its two-hundred day moving average is $231.66. The company has a market capitalization of $59.69 billion, a P/E ratio of 52.55, a P/E/G ratio of 3.18 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, beating analysts’ consensus estimates of $1.85 by $0.07. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 EPS. 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 announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 15th were paid 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 0.25%. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Wells Fargo & Company dropped their target price on 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. Truist Financial raised 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. The Goldman Sachs Group upped their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Robert W. Baird raised their target price on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $238.24.

Insider Buying and Selling

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.