Sendero Wealth Management LLC Trims Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sendero Wealth Management LLC lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,852 shares of the company’s stock after selling 235 shares during the quarter. Sendero Wealth Management LLC’s holdings in Hilton Worldwide were worth $705,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Hilton Worldwide in the third quarter valued at approximately $765,000. Franklin Resources Inc. lifted its stake in Hilton Worldwide by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock valued at $1,012,069,000 after acquiring an additional 121,900 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $38,000. Chartwell Investment Partners LLC increased its stake in shares of Hilton Worldwide by 35.8% in the third quarter. Chartwell Investment Partners LLC now owns 28,756 shares of the company’s stock worth $6,628,000 after acquiring an additional 7,583 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Hilton Worldwide by 201.4% during the third quarter. SG Americas Securities LLC now owns 181,576 shares of the company’s stock worth $41,853,000 after purchasing an additional 121,322 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Performance

Shares of HLT opened at $243.86 on Thursday. The stock has a 50 day moving average price of $249.57 and a 200 day moving average price of $231.66. Hilton Worldwide Holdings Inc. has a one year low of $180.96 and a one year high of $259.01. The stock has a market capitalization of $59.45 billion, a price-to-earnings ratio of 52.33, a PEG ratio of 2.69 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last released 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 business 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 for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.67 earnings per share. On average, 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 was paid on Friday, December 27th. Shareholders of record on Friday, November 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is 12.88%.

Hilton Worldwide announced that its Board of Directors has initiated a share repurchase program on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HLT. Wells Fargo & Company cut their price target 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 lifted their price target on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Melius Research restated a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Evercore ISI boosted their target price on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Finally, Barclays increased their price target on shares of Hilton Worldwide from $243.00 to $268.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. 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 an average rating of “Hold” and a consensus target price of $238.24.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This trade represents a 38.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.