817 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Acquired by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 817 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at approximately $765,000. Franklin Resources Inc. raised its position in shares of Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock valued at $1,012,069,000 after purchasing an additional 121,900 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at approximately $38,000. Fiduciary Alliance LLC acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at approximately $1,246,000. Finally, Dale Q Rice Investment Management Ltd acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at approximately $593,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the sale, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the sale, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America upped their target price on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Melius Research reissued a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Wells Fargo & Company upped their price target on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Truist Financial upped their price target on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Finally, Macquarie upped their price target on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $246.61.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $267.43 on Tuesday. Hilton Worldwide Holdings Inc. has a 1 year low of $186.83 and a 1 year high of $274.18. The stock has a market cap of $65.19 billion, a price-to-earnings ratio of 43.48, a PEG ratio of 2.85 and a beta of 1.29. The business has a fifty day moving average of $250.63 and a 200-day moving average of $236.10.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 57.01% and a net margin of 13.74%. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.76 EPS for the current year.

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

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.76%.

Hilton Worldwide 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.