Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.5% in the fourth quarter, Holdings Channel reports. The firm owned 3,437 shares of the company’s stock after selling 238 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Hilton Worldwide were worth $849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new position in shares of Hilton Worldwide in the 3rd quarter worth approximately $25,000. Groupama Asset Managment boosted its holdings in Hilton Worldwide by 37.8% in the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after purchasing an additional 4,118 shares during the period. Ashton Thomas Securities LLC bought a new stake in Hilton Worldwide during the third quarter valued at $38,000. True Wealth Design LLC raised its holdings in shares of Hilton Worldwide by 2,400.0% during the third quarter. True Wealth Design LLC now owns 175 shares of the company’s stock worth $40,000 after purchasing an additional 168 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $46,000. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Price Performance

HLT opened at $246.52 on Friday. Hilton Worldwide Holdings Inc. has a 1-year low of $178.23 and a 1-year high of $259.01. The company has a market capitalization of $60.10 billion, a price-to-earnings ratio of 52.90, a price-to-earnings-growth ratio of 3.18 and a beta of 1.30. The business has a 50 day moving average price of $248.49 and a two-hundred day moving average price of $229.92.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.07. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $1.67 earnings per share. Equities analysts expect that Hilton Worldwide Holdings Inc. will post 7 EPS for the current fiscal 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 15th were issued a $0.15 dividend. 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 payout ratio is currently 12.88%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. This represents a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Mizuho increased their price objective on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Truist Financial raised their price target on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Barclays upped their price objective on Hilton Worldwide from $243.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. 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. Finally, Melius lowered shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $238.24.

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.