Independent Advisor Alliance Has $588,000 Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Independent Advisor Alliance boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,552 shares of the company’s stock after buying an additional 84 shares during the period. Independent Advisor Alliance’s holdings in Hilton Worldwide were worth $588,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Signature Estate & Investment Advisors LLC raised its position in Hilton Worldwide by 2.1% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock valued at $468,000 after buying an additional 42 shares during the period. Harbor Capital Advisors Inc. raised its position in Hilton Worldwide by 0.5% during 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 increased its position in Hilton Worldwide by 4.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock worth $269,000 after purchasing an additional 46 shares during the last quarter. Graypoint LLC increased its position in Hilton Worldwide by 2.6% in the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company’s stock worth $431,000 after purchasing an additional 47 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC increased its position in Hilton Worldwide by 4.2% in the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock worth $273,000 after purchasing an additional 48 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Down 1.0 %

Shares of NYSE:HLT opened at $250.42 on Thursday. The business has a 50 day moving average price of $239.19 and a 200 day moving average price of $221.46. Hilton Worldwide Holdings Inc. has a twelve month low of $165.25 and a twelve month high of $255.86. The company has a market cap of $61.05 billion, a price-to-earnings ratio of 53.74, a PEG ratio of 3.19 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last announced its 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. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

Hilton Worldwide declared that its board has approved a stock buyback program on Thursday, November 14th that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

HLT has been the topic of several research reports. TD Cowen dropped their target price on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Truist Financial upped their target price on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Macquarie upped their target price on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $228.71.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was 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 approximately $5,382,423.09. This trade represents a 38.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was 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 of the company’s stock, valued at $3,460,933. This represents a 23.57 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

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.