Glenmede Trust Co. NA Increases Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Glenmede Trust Co. NA lifted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,386 shares of the company’s stock after acquiring an additional 518 shares during the quarter. Glenmede Trust Co. NA’s holdings in Hilton Worldwide were worth $7,004,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HLT. GHP Investment Advisors Inc. purchased a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $25,000. EdgeRock Capital LLC purchased a new stake in Hilton Worldwide during the second quarter worth about $33,000. NewSquare Capital LLC acquired a new stake in shares of Hilton Worldwide during the second quarter worth about $37,000. Family Firm Inc. purchased a new position in shares of Hilton Worldwide in the second quarter valued at approximately $38,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Hilton Worldwide during the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 1.2 %

NYSE HLT opened at $253.44 on Friday. The business’s 50-day moving average price is $240.26 and its 200 day moving average price is $221.99. The firm has a market cap of $61.78 billion, a P/E ratio of 54.39, a P/E/G ratio of 3.15 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 52-week low of $165.25 and a 52-week high of $255.86.

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, beating analysts’ consensus estimates 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 firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm posted $1.67 EPS. Hilton Worldwide’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts anticipate 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 paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is 12.88%.

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

Wall Street Analysts Forecast Growth

HLT has been the subject of several recent research reports. Melius Research reissued a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. The Goldman Sachs Group started coverage on Hilton Worldwide in a report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Bank of America boosted their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Truist Financial boosted their target price 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. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Hilton Worldwide currently has an average rating of “Hold” and a consensus price target of $228.71.

Insider Activity

In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 15,949 shares in the company, valued at $3,460,933. This trade represents a 23.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction dated 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 $5,382,423.09. The trade was a 38.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.