United Capital Financial Advisers LLC Has $342,000 Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Posted by Defense World Staff on Mar 8th, 2023

United Capital Financial Advisers LLC trimmed its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) by 15.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,837 shares of the company’s stock after selling 515 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Hilton Worldwide were worth $342,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Jennison Associates LLC increased its position in Hilton Worldwide by 5.9% in the 3rd quarter. Jennison Associates LLC now owns 308,250 shares of the company’s stock valued at $37,181,000 after acquiring an additional 17,049 shares during the period. IFP Advisors Inc increased its position in Hilton Worldwide by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 5,083 shares of the company’s stock valued at $524,000 after acquiring an additional 3,549 shares during the period. Prudential PLC increased its position in Hilton Worldwide by 9.4% in the 3rd quarter. Prudential PLC now owns 4,280 shares of the company’s stock valued at $516,000 after acquiring an additional 369 shares during the period. Russell Investments Group Ltd. increased its position in Hilton Worldwide by 51.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 275,876 shares of the company’s stock valued at $33,310,000 after acquiring an additional 94,177 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Hilton Worldwide by 8.8% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 171,093 shares of the company’s stock valued at $20,637,000 after acquiring an additional 13,847 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Jefferies Financial Group cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating and decreased their price target for the company from $153.00 to $134.00 in a research report on Monday, January 9th. Morgan Stanley reduced their price objective on shares of Hilton Worldwide from $171.00 to $167.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 7th. Truist Financial upped their price objective on shares of Hilton Worldwide from $147.00 to $160.00 and gave the company a “hold” rating in a research note on Friday, February 10th. BMO Capital Markets upped their price objective on shares of Hilton Worldwide from $145.00 to $150.00 and gave the company a “market perform” rating in a research note on Friday, February 10th. Finally, Raymond James upped their price objective on shares of Hilton Worldwide from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, February 13th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $150.43.

Hilton Worldwide Stock Down 1.1 %

Shares of NYSE HLT opened at $146.99 on Wednesday. The firm has a market cap of $39.17 billion, a PE ratio of 32.38, a P/E/G ratio of 0.70 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a 12-month low of $108.41 and a 12-month high of $167.99. The company’s fifty day simple moving average is $140.72 and its 200 day simple moving average is $134.37.

Hilton Worldwide (NYSE:HLT – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.39. Hilton Worldwide had a net margin of 14.31% and a negative return on equity of 155.17%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post 5.69 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Tuesday, February 28th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Monday, February 27th. Hilton Worldwide’s dividend payout ratio (DPR) is 13.22%.

Hilton Worldwide announced that its Board of Directors has approved a stock buyback plan on Friday, November 11th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to buy up to 6.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Kristin Ann Campbell sold 32,863 shares of the firm’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $150.93, for a total value of $4,960,012.59. Following the transaction, the insider now directly owns 221,037 shares of the company’s stock, valued at $33,361,114.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.40% of the company’s stock.

About Hilton Worldwide

(Get Rating)

Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management and Franchise segment operates hotels of third-party owners.