Fulton Bank N.A. Has $589,000 Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Fulton Bank N.A. increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,383 shares of the company’s stock after acquiring an additional 192 shares during the period. Fulton Bank N.A.’s holdings in Hilton Worldwide were worth $589,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after buying an additional 1,282,676 shares during the last quarter. Jennison Associates LLC raised its holdings in Hilton Worldwide by 33.2% in the 3rd quarter. Jennison Associates LLC now owns 3,234,809 shares of the company’s stock worth $745,624,000 after acquiring an additional 806,029 shares during the period. Stockbridge Partners LLC lifted its position in Hilton Worldwide by 63.6% during the 3rd quarter. Stockbridge Partners LLC now owns 1,544,399 shares of the company’s stock worth $355,984,000 after acquiring an additional 600,593 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Hilton Worldwide by 23,730.1% during the third quarter. International Assets Investment Management LLC now owns 479,223 shares of the company’s stock valued at $1,104,610,000 after acquiring an additional 477,212 shares during the period. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Up 0.8 %

Shares of Hilton Worldwide stock opened at $243.29 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $179.77 and a 12-month high of $259.01. The company has a 50-day simple moving average of $249.14 and a 200 day simple moving average of $230.88. The stock has a market capitalization of $59.31 billion, a P/E ratio of 52.21, a price-to-earnings-growth ratio of 3.18 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last released its quarterly 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 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 business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $1.67 EPS. On average, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide announced that its board has approved a stock buyback plan on Thursday, November 14th that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Friday, November 15th. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of the 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 of the company’s stock, valued at $5,746,152.78. This represents a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Robert W. Baird boosted their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. 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. The Goldman Sachs Group raised their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Barclays increased their price target on shares of Hilton Worldwide from $243.00 to $268.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Melius Research restated a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $238.24.

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.