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

Fulton Bank N.A. boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,383 shares of the company’s stock after buying 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of Hilton Worldwide in the 3rd quarter worth $765,000. Ashton Thomas Securities LLC acquired a new position in Hilton Worldwide in the third quarter valued at about $38,000. Franklin Resources Inc. grew its position in shares of Hilton Worldwide by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock worth $1,012,069,000 after buying an additional 121,900 shares during the period. Chartwell Investment Partners LLC increased its stake in shares of Hilton Worldwide by 35.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 28,756 shares of the company’s stock valued at $6,628,000 after acquiring an additional 7,583 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Hilton Worldwide by 201.4% during the 3rd quarter. SG Americas Securities LLC now owns 181,576 shares of the company’s stock worth $41,853,000 after acquiring an additional 121,322 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Up 0.8 %

Shares of HLT opened at $243.29 on Friday. The company’s fifty day simple moving average is $249.14 and its 200 day simple moving average is $230.88. Hilton Worldwide Holdings Inc. has a 1-year low of $179.77 and a 1-year high of $259.01. The company has a market cap of $59.31 billion, a price-to-earnings ratio of 52.21, a PEG ratio of 3.18 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the firm earned $1.67 EPS. Hilton Worldwide’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide announced that its Board of Directors has initiated a share repurchase program on Thursday, November 14th that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the company to buy up to 5.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Friday, November 15th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 12.88%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HLT. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Truist Financial boosted their target price on Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Evercore ISI lifted their price objective on Hilton Worldwide from $210.00 to $240.00 and gave the company an “in-line” rating in a report on Monday, October 21st. JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Jefferies Financial Group upped their price target on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.