Fifth Third Wealth Advisors LLC Has $498,000 Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Fifth Third Wealth Advisors LLC trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,159 shares of the company’s stock after selling 114 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Hilton Worldwide were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. GHP Investment Advisors Inc. purchased a new position in Hilton Worldwide during the 3rd quarter worth $25,000. EdgeRock Capital LLC purchased a new position in Hilton Worldwide during the 2nd quarter worth $33,000. Ashton Thomas Securities LLC purchased a new position in Hilton Worldwide during the 3rd quarter worth $38,000. NewSquare Capital LLC purchased a new position in Hilton Worldwide during the 2nd quarter worth $37,000. Finally, Family Firm Inc. purchased a new position in Hilton Worldwide during the 2nd quarter worth $38,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Up 0.2 %

HLT stock opened at $250.14 on Thursday. The firm has a market capitalization of $60.98 billion, a PE ratio of 53.68, a PEG ratio of 3.13 and a beta of 1.30. The stock has a 50-day simple moving average of $235.80 and a two-hundred day simple moving average of $219.71. Hilton Worldwide Holdings Inc. has a twelve month low of $165.25 and a twelve month high of $255.86.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 annualized dividend and a yield of 0.24%. Hilton Worldwide’s payout ratio is currently 12.88%.

Hilton Worldwide declared that its board has initiated a share repurchase program on Thursday, November 14th that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. TD Cowen lowered their target price on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Truist Financial lifted their target price on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Macquarie lifted their target price on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They set a “buy” rating and a $245.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Hilton Worldwide currently has a consensus rating of “Hold” and an average price target of $228.71.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the transaction, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This represents a 38.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura Fuentes sold 4,919 shares of the stock in a transaction 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. This trade represents 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.

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.