Advisory Alpha LLC Invests $244,000 in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Advisory Alpha LLC purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 986 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC acquired a new position in Hilton Worldwide in the 2nd quarter worth $223,000. Evergreen Capital Management LLC boosted its stake in Hilton Worldwide by 17.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,251 shares of the company’s stock worth $273,000 after purchasing an additional 182 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Hilton Worldwide by 56.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 48,146 shares of the company’s stock worth $10,505,000 after purchasing an additional 17,432 shares during the period. Insigneo Advisory Services LLC boosted its stake in Hilton Worldwide by 19.4% in the 2nd quarter. Insigneo Advisory Services LLC now owns 4,543 shares of the company’s stock worth $917,000 after purchasing an additional 737 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Hilton Worldwide by 0.4% in the 2nd quarter. Toronto Dominion Bank now owns 127,187 shares of the company’s stock worth $27,752,000 after purchasing an additional 557 shares during the period. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Up 0.8 %

Hilton Worldwide stock opened at $250.00 on Friday. Hilton Worldwide Holdings Inc. has a twelve month low of $186.83 and a twelve month high of $259.01. The company’s 50-day moving average price is $249.28 and its two-hundred day moving average price is $232.85. The stock has a market cap of $60.94 billion, a P/E ratio of 53.65, a P/E/G ratio of 2.78 and a beta of 1.30.

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

Hilton Worldwide announced that its board has initiated a stock buyback program on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HLT shares. Wells Fargo & Company reduced their price objective on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Truist Financial increased their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Barclays increased their price objective on shares of Hilton Worldwide from $243.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Evercore ISI increased their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $238.24.

Insider Transactions at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.50% of the company’s stock.

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.