Cable Hill Partners LLC Sells 214 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Cable Hill Partners LLC lessened its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 932 shares of the company’s stock after selling 214 shares during the quarter. Cable Hill Partners LLC’s holdings in Hilton Worldwide were worth $230,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HLT. Private Advisor Group LLC raised its holdings in Hilton Worldwide by 7.2% in the 3rd quarter. Private Advisor Group LLC now owns 3,560 shares of the company’s stock worth $820,000 after acquiring an additional 240 shares during the period. Arkadios Wealth Advisors grew its position in Hilton Worldwide by 4.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,749 shares of the company’s stock worth $403,000 after purchasing an additional 70 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Hilton Worldwide by 277.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 31,903 shares of the company’s stock worth $7,354,000 after purchasing an additional 23,453 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Hilton Worldwide by 17.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 26,626 shares of the company’s stock worth $6,137,000 after purchasing an additional 3,910 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its position in Hilton Worldwide by 85.7% in the 3rd quarter. Pallas Capital Advisors LLC now owns 1,777 shares of the company’s stock worth $418,000 after purchasing an additional 820 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Down 0.4 %

Shares of HLT stock opened at $258.95 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22. The company has a market capitalization of $62.30 billion, a P/E ratio of 42.11, a P/E/G ratio of 2.86 and a beta of 1.29. The firm has a 50-day moving average price of $254.28 and a 200 day moving average price of $241.12.

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

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

Hilton Worldwide announced that its board has authorized a share buyback program on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have issued reports on HLT. Macquarie raised their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Mizuho restated a “neutral” rating and issued a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Raymond James raised their price target on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group lifted their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and an average target price of $248.56.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $10,928,745.99. Following the completion of the transaction, the insider now directly owns 77,383 shares of the company’s stock, valued at approximately $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 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.