Landscape Capital Management L.L.C. Acquires New Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Landscape Capital Management L.L.C. purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,876 shares of the company’s stock, valued at approximately $893,000.

Several other large investors have also recently modified their holdings of the business. Signature Estate & Investment Advisors LLC increased its holdings in Hilton Worldwide by 2.1% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock valued at $468,000 after purchasing an additional 42 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Hilton Worldwide by 0.5% in the third quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock valued at $1,946,000 after buying an additional 44 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Hilton Worldwide by 4.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock worth $269,000 after acquiring an additional 46 shares during the last quarter. Graypoint LLC lifted its stake in shares of Hilton Worldwide by 2.6% in the third quarter. Graypoint LLC now owns 1,869 shares of the company’s stock worth $431,000 after acquiring an additional 47 shares during the period. Finally, Meadow Creek Wealth Advisors LLC boosted its holdings in Hilton Worldwide by 4.2% in the third quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock valued at $273,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HLT. Robert W. Baird boosted their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Truist Financial lifted their price objective on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Bank of America lifted their target price on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $228.71.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 23.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. This represents a 38.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Up 0.4 %

HLT opened at $252.93 on Friday. The company has a market cap of $61.66 billion, a price-to-earnings ratio of 54.28, a PEG ratio of 3.14 and a beta of 1.30. The company’s fifty day moving average price is $237.24 and its two-hundred day moving average price is $220.30. 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 quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.07. The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. 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 firm earned $1.67 EPS. As a group, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

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 given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Friday, November 15th. Hilton Worldwide’s payout ratio is currently 12.88%.

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

About Hilton Worldwide

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.