Crossmark Global Holdings Inc. Sells 870 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Crossmark Global Holdings Inc. lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,128 shares of the company’s stock after selling 870 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Hilton Worldwide were worth $2,998,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HLT. GHP Investment Advisors Inc. purchased a new stake in Hilton Worldwide during the third quarter valued at $25,000. Groupama Asset Managment raised its position in Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after purchasing an additional 4,118 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Hilton Worldwide in the 3rd quarter valued at approximately $38,000. True Wealth Design LLC boosted its holdings in shares of Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock worth $40,000 after purchasing an additional 168 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Hilton Worldwide during the 3rd quarter valued at approximately $46,000. Institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on HLT. Wells Fargo & Company dropped their price target 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 upped their target price on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Robert W. Baird raised their price target on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Barclays upped their price objective on Hilton Worldwide from $243.00 to $268.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $238.24.

Hilton Worldwide Stock Up 0.1 %

Hilton Worldwide stock opened at $247.77 on Thursday. Hilton Worldwide Holdings Inc. has a twelve month low of $186.83 and a twelve month high of $259.01. The business has a fifty day moving average of $249.38 and a two-hundred day moving average of $232.75. The firm has a market cap of $60.40 billion, a P/E ratio of 53.17, a P/E/G ratio of 2.77 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last issued 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. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 earnings per share. Equities analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 14th that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the business’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 sale, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by corporate insiders.

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.