First Bank & Trust Acquires 74 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

First Bank & Trust grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,391 shares of the company’s stock after acquiring an additional 74 shares during the period. First Bank & Trust’s holdings in Hilton Worldwide were worth $2,568,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Palumbo Wealth Management LLC increased its stake in shares of Hilton Worldwide by 2.0% in the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock valued at $528,000 after acquiring an additional 41 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Hilton Worldwide by 2.1% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock worth $468,000 after purchasing an additional 42 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in Hilton Worldwide by 1.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock valued at $799,000 after purchasing an additional 43 shares during the period. Harbor Capital Advisors Inc. increased its stake in Hilton Worldwide by 0.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock valued at $1,946,000 after purchasing an additional 44 shares in the last quarter. Finally, Graypoint LLC raised its holdings in Hilton Worldwide by 2.6% during the third quarter. Graypoint LLC now owns 1,869 shares of the company’s stock worth $431,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of the company’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 sale, the insider now directly owns 22,833 shares in the company, valued at $5,746,152.78. This represents a 50.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction 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 disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT opened at $269.75 on Thursday. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The stock’s fifty day moving average price is $253.03 and its two-hundred day moving average price is $239.04. The firm has a market cap of $64.90 billion, a PE ratio of 43.86, a PEG ratio of 2.84 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide announced that its board has initiated a share repurchase program on Thursday, November 14th that authorizes the company to buyback $3.50 billion in 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.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be paid 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%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HLT. TD Cowen reduced their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Mizuho restated a “neutral” rating and issued a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. JPMorgan Chase & Co. upped their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Raymond James raised their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and a consensus price target of $246.61.

Hilton Worldwide Company 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.