Hilton Worldwide Holdings Inc. (NYSE:HLT) Position Lowered by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,068 shares of the company’s stock after selling 90 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Hilton Worldwide were worth $1,399,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HLT. GHP Investment Advisors Inc. bought a new position in Hilton Worldwide in the third quarter worth about $25,000. EdgeRock Capital LLC bought a new stake in shares of Hilton Worldwide in the 2nd quarter worth approximately $33,000. NewSquare Capital LLC acquired a new position in Hilton Worldwide during the 2nd quarter valued at approximately $37,000. Family Firm Inc. bought a new position in Hilton Worldwide during the 2nd quarter worth $38,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Hilton Worldwide in the third quarter worth $38,000. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $249.11 on Tuesday. The business has a fifty day moving average of $234.25 and a two-hundred day moving average of $219.13. Hilton Worldwide Holdings Inc. has a 52-week low of $165.25 and a 52-week high of $255.86. The stock has a market cap of $60.73 billion, a PE ratio of 53.46, a PEG ratio of 3.13 and a beta of 1.30.

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, topping the consensus estimate of $1.85 by $0.07. The company had revenue of $2.87 billion during 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%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $1.67 earnings per share. Analysts predict that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Announces Dividend

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 issued 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 payout ratio is presently 12.88%.

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

Analysts Set New Price Targets

Several analysts recently weighed in on HLT shares. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Truist Financial raised their target price on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Macquarie boosted their price target on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Barclays cut their price objective on shares of Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating on the stock in a research note 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 MarketBeat.com, the company has an average rating of “Hold” and an average price target of $228.71.

Insider Activity

In related news, insider Michael W. Duffy sold 14,357 shares of the firm’s 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 completion of the sale, the insider now owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This trade represents a 38.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Laura Fuentes sold 4,919 shares of the stock in a transaction on Friday, September 13th. The shares were 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 in the company, valued at $3,460,933. The trade was a 23.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

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.