VCI Wealth Management LLC Raises Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

VCI Wealth Management LLC increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 26.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,804 shares of the company’s stock after purchasing an additional 1,648 shares during the period. VCI Wealth Management LLC’s holdings in Hilton Worldwide were worth $1,929,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Hilton Worldwide during the 3rd quarter worth about $765,000. Franklin Resources Inc. raised its holdings in shares of Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock valued at $1,012,069,000 after acquiring an additional 121,900 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Hilton Worldwide during the third quarter worth about $38,000. Fiduciary Alliance LLC bought a new stake in Hilton Worldwide during the fourth quarter valued at approximately $1,246,000. Finally, Chartwell Investment Partners LLC grew its stake in Hilton Worldwide by 35.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 28,756 shares of the company’s stock worth $6,628,000 after buying an additional 7,583 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

HLT has been the subject of a number of research analyst reports. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Jefferies Financial Group boosted their target price on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Truist Financial increased their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. TD Cowen cut their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and an average price target of $238.24.

Hilton Worldwide Price Performance

HLT stock opened at $249.73 on Tuesday. Hilton Worldwide Holdings Inc. has a 1 year low of $186.83 and a 1 year high of $259.01. The company has a market cap of $60.88 billion, a P/E ratio of 53.59, a PEG ratio of 2.78 and a beta of 1.30. The firm has a 50-day moving average of $249.27 and a 200 day moving average of $233.42.

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

Insider Buying and Selling

In related news, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by insiders.

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.