Bank of New York Mellon Corp Has $377.94 Million Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Bank of New York Mellon Corp lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,529,119 shares of the company’s stock after selling 60,077 shares during the quarter. Bank of New York Mellon Corp’s holdings in Hilton Worldwide were worth $377,937,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HLT. Private Advisor Group LLC lifted its holdings in shares of Hilton Worldwide by 7.2% in the third quarter. Private Advisor Group LLC now owns 3,560 shares of the company’s stock valued at $820,000 after purchasing an additional 240 shares in the last quarter. Arkadios Wealth Advisors raised its position in Hilton Worldwide by 4.2% during the third quarter. Arkadios Wealth Advisors now owns 1,749 shares of the company’s stock valued at $403,000 after buying an additional 70 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Hilton Worldwide by 277.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 31,903 shares of the company’s stock worth $7,354,000 after acquiring an additional 23,453 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Hilton Worldwide by 17.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 26,626 shares of the company’s stock worth $6,137,000 after acquiring an additional 3,910 shares during the period. Finally, Pallas Capital Advisors LLC grew its stake in Hilton Worldwide by 85.7% during the 3rd quarter. Pallas Capital Advisors LLC now owns 1,777 shares of the company’s stock valued at $418,000 after acquiring an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Trading Up 0.7 %

Shares of Hilton Worldwide stock opened at $259.81 on Thursday. The firm has a fifty day simple moving average of $254.01 and a 200-day simple moving average of $241.00. The stock has a market capitalization of $62.51 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HLT shares. Susquehanna raised their price target on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday. The Goldman Sachs Group increased their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company boosted their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Barclays increased their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Macquarie boosted their target price on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $248.56.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction dated 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 $5,746,152.78. This represents a 50.58 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.