Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,944 shares of the company’s stock after selling 100 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Hilton Worldwide were worth $480,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. boosted its stake in shares of Hilton Worldwide by 13.8% in the third quarter. Mather Group LLC. now owns 726 shares of the company’s stock worth $167,000 after buying an additional 88 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in Hilton Worldwide by 6.2% in the third quarter. Atomi Financial Group Inc. now owns 1,341 shares of the company’s stock valued at $309,000 after acquiring an additional 78 shares during the period. Daymark Wealth Partners LLC purchased a new stake in Hilton Worldwide in the 3rd quarter worth approximately $262,000. CWM LLC increased its holdings in shares of Hilton Worldwide by 4.5% during the 3rd quarter. CWM LLC now owns 6,890 shares of the company’s stock valued at $1,588,000 after purchasing an additional 294 shares in the last quarter. Finally, Marcum Wealth LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at $203,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Down 0.3 %

NYSE HLT opened at $269.55 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $186.83 and a 52 week high of $274.18. The business’s fifty day simple moving average is $250.31 and its 200-day simple moving average is $235.50. The firm has a market cap of $65.71 billion, a PE ratio of 57.84, a P/E/G ratio of 2.67 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. Research analysts expect that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide declared that its board has approved a stock buyback program on Thursday, November 14th that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the company to repurchase up to 5.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.76%.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 22,833 shares in the company, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the transaction, the insider now directly owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

HLT has been the subject of a number of analyst reports. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Macquarie increased their price target on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday. Bank of America boosted their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Robert W. Baird lifted their target price on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $244.06.

Hilton Worldwide Company 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.