McElhenny Sheffield Capital Management LLC Sells 316 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

McElhenny Sheffield Capital Management LLC trimmed its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,332 shares of the company’s stock after selling 316 shares during the quarter. McElhenny Sheffield Capital Management LLC’s holdings in Hilton Worldwide were worth $576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC grew its holdings in Hilton Worldwide by 2.1% during the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company’s stock worth $2,585,148,000 after acquiring an additional 226,223 shares during the period. Principal Financial Group Inc. grew its stake in Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. Franklin Resources Inc. increased its holdings in Hilton Worldwide by 3.1% in the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock worth $1,012,069,000 after purchasing an additional 121,900 shares in the last quarter. Jennison Associates LLC lifted its stake in Hilton Worldwide by 33.2% in the third quarter. Jennison Associates LLC now owns 3,234,809 shares of the company’s stock valued at $745,624,000 after buying an additional 806,029 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Hilton Worldwide by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock worth $614,841,000 after buying an additional 200,329 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HLT shares. Wells Fargo & Company dropped their target price 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. The Goldman Sachs Group upped their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Bank of America increased their price target on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Truist Financial boosted their price objective on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus price target of $238.24.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of the company’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 directly owns 22,833 shares in the company, valued at approximately $5,746,152.78. This represents a 50.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT opened at $246.69 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $182.86 and a fifty-two week high of $259.01. The company’s 50-day moving average is $249.51 and its 200 day moving average is $232.07. The company has a market capitalization of $60.14 billion, a P/E ratio of 52.94, a price-to-earnings-growth ratio of 2.69 and a beta of 1.30.

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

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was 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 presently 12.88%.

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

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.