Keybank National Association OH Sells 256 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Keybank National Association OH decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,257 shares of the company’s stock after selling 256 shares during the period. Keybank National Association OH’s holdings in Hilton Worldwide were worth $3,524,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Noble Wealth Management PBC bought a new stake in Hilton Worldwide during the fourth quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Hilton Worldwide during the fourth quarter valued at $34,000. Groupama Asset Managment boosted its stake in Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after buying an additional 4,118 shares during the period. Sierra Ocean LLC bought a new stake in Hilton Worldwide during the fourth quarter valued at $36,000. Finally, Ashton Thomas Securities LLC bought a new stake in Hilton Worldwide during the third quarter worth about $38,000. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

HLT stock opened at $259.35 on Thursday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22. The company has a market capitalization of $62.40 billion, a price-to-earnings ratio of 42.17, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The business’s 50 day moving average price is $255.10 and its two-hundred day moving average price is $242.86.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Hilton Worldwide announced that its board has authorized a stock repurchase program on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

HLT has been the subject of several research analyst reports. Mizuho reaffirmed a “neutral” rating and set a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Susquehanna lifted their price target on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Morgan Stanley lifted their price target on Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Barclays lifted their price target on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Twelve 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 stock presently has a consensus rating of “Hold” and a consensus price target of $250.61.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the sale, the insider now owns 22,833 shares in the company, valued at $5,746,152.78. The trade was a 50.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

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.