Moran Wealth Management LLC Sells 1,633 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Moran Wealth Management LLC trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,912 shares of the company’s stock after selling 1,633 shares during the period. Moran Wealth Management LLC’s holdings in Hilton Worldwide were worth $18,326,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Hilton Worldwide by 1.4% during the 1st quarter. BlackRock Inc. now owns 20,098,928 shares of the company’s stock worth $2,831,336,000 after acquiring an additional 269,451 shares during the last quarter. FMR LLC lifted its holdings in shares of Hilton Worldwide by 11.7% during the 1st quarter. FMR LLC now owns 11,526,447 shares of the company’s stock worth $1,623,731,000 after acquiring an additional 1,203,233 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Hilton Worldwide by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 9,610,321 shares of the company’s stock worth $1,353,806,000 after acquiring an additional 185,704 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Hilton Worldwide by 36.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,237,885 shares of the company’s stock worth $1,167,300,000 after acquiring an additional 2,480,451 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Hilton Worldwide by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 5,486,545 shares of the company’s stock worth $771,113,000 after acquiring an additional 40,576 shares during the last quarter. 94.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HLT shares. Barclays lifted their price objective on shares of Hilton Worldwide from $169.00 to $173.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Morgan Stanley lifted their target price on shares of Hilton Worldwide from $182.00 to $183.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. HSBC started coverage on shares of Hilton Worldwide in a research report on Monday, October 23rd. They issued a “buy” rating and a $191.00 target price on the stock. Truist Financial lifted their target price on shares of Hilton Worldwide from $172.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, StockNews.com started coverage on shares of Hilton Worldwide in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $162.71.

Insider Activity

In related news, insider Kristin Ann Campbell sold 8,286 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $154.03, for a total transaction of $1,276,292.58. Following the sale, the insider now owns 230,097 shares of the company’s stock, valued at $35,441,840.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Kristin Ann Campbell sold 8,286 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $154.03, for a total transaction of $1,276,292.58. Following the sale, the insider now owns 230,097 shares of the company’s stock, valued at $35,441,840.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher W. Silcock sold 10,863 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $166.61, for a total transaction of $1,809,884.43. Following the sale, the insider now directly owns 58,256 shares in the company, valued at approximately $9,706,032.16. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Hilton Worldwide Stock Up 0.7 %

Shares of HLT traded up $1.12 during trading hours on Friday, reaching $168.29. 1,134,940 shares of the company traded hands, compared to its average volume of 1,689,131. The company’s fifty day moving average price is $153.49 and its two-hundred day moving average price is $148.98. The company has a market capitalization of $43.16 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 1.68 and a beta of 1.20. Hilton Worldwide Holdings Inc. has a 12 month low of $123.74 and a 12 month high of $168.90.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, October 25th. The company reported $1.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.67. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.62 billion. Hilton Worldwide had a net margin of 13.13% and a negative return on equity of 115.21%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 EPS. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 6.08 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, November 17th 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 0.36%. The ex-dividend date of this dividend is Thursday, November 16th. Hilton Worldwide’s payout ratio is 12.07%.

Hilton Worldwide declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 9th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 7.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.