Canvas Wealth Advisors LLC Buys New Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Canvas Wealth Advisors LLC bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 817 shares of the company’s stock, valued at approximately $202,000.

Other large investors have also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC raised 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 acquiring an additional 42 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in 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 acquiring an additional 44 shares in the last quarter. Graypoint LLC raised its holdings in Hilton Worldwide by 2.6% in the third quarter. Graypoint LLC now owns 1,869 shares of the company’s stock valued at $431,000 after acquiring an additional 47 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised 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 in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Hilton Worldwide by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock valued at $92,000 after acquiring an additional 48 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLT has been the topic of several recent analyst reports. Barclays increased their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday. Evercore ISI increased their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. TD Cowen dropped their price target on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Jefferies Financial Group increased their price target on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, Raymond James increased their price target on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $246.61.

Hilton Worldwide Stock Down 0.8 %

NYSE:HLT opened at $267.43 on Tuesday. The company has a market capitalization of $65.19 billion, a PE ratio of 43.48, a price-to-earnings-growth ratio of 2.85 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 52-week low of $186.83 and a 52-week high of $274.18. The stock has a fifty day simple moving average of $250.63 and a 200-day simple moving average of $236.10.

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

Hilton Worldwide Dividend Announcement

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

Hilton Worldwide declared that its board has approved a stock repurchase program 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 programs are often a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 77,383 shares of the company’s stock, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

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.