Hilton Worldwide Holdings Inc. (NYSE:HLT) Stock Position Trimmed by Meeder Asset Management Inc.

Meeder Asset Management Inc. cut its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 28.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 188 shares of the company’s stock after selling 74 shares during the quarter. Meeder Asset Management Inc.’s holdings in Hilton Worldwide were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of HLT. GHP Investment Advisors Inc. acquired a new position in shares of Hilton Worldwide in the 3rd quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide in the second quarter worth about $33,000. NewSquare Capital LLC acquired a new position in shares of Hilton Worldwide in the second quarter worth about $37,000. Family Firm Inc. acquired a new position in shares of Hilton Worldwide in the second quarter worth about $38,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Hilton Worldwide in the third quarter worth about $38,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HLT shares. Wells Fargo & Company lowered their price objective on shares of 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. Bank of America boosted their target price on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price for the company. Evercore ISI upped their price objective on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Finally, Truist Financial upped their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus price target of $228.71.

Hilton Worldwide Trading Up 0.2 %

Shares of NYSE HLT opened at $250.14 on Thursday. The firm has a market capitalization of $60.98 billion, a PE ratio of 53.68, a price-to-earnings-growth ratio of 3.13 and a beta of 1.30. The firm’s 50-day moving average is $235.80 and its 200-day moving average is $219.71. Hilton Worldwide Holdings Inc. has a 1 year low of $165.25 and a 1 year high of $255.86.

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 firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the company posted $1.67 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 12.88%.

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

Insiders Place Their Bets

In other news, insider Laura Fuentes sold 4,919 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 23.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the sale, 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.