UMB Bank n.a. Acquires 175 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

UMB Bank n.a. boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 18.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,105 shares of the company’s stock after acquiring an additional 175 shares during the period. UMB Bank n.a.’s holdings in Hilton Worldwide were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hilton Worldwide in the third quarter valued at approximately $765,000. Franklin Resources Inc. raised its holdings in 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 bought a new stake in shares of Hilton Worldwide during the 3rd quarter valued at $38,000. Chartwell Investment Partners LLC grew its holdings in shares of Hilton Worldwide by 35.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 28,756 shares of the company’s stock worth $6,628,000 after purchasing an additional 7,583 shares in the last quarter. Finally, Fiduciary Alliance LLC bought a new position in shares of Hilton Worldwide in the fourth quarter worth $1,246,000. Institutional investors own 95.90% of the company’s stock.

Insider Activity

In related news, 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 sale, the insider now directly owns 22,833 shares in the company, valued at $5,746,152.78. This represents a 50.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $247.77 on Thursday. The stock has a market cap of $60.40 billion, a P/E ratio of 53.17, a price-to-earnings-growth ratio of 2.77 and a beta of 1.30. The firm has a 50 day moving average price of $249.38 and a two-hundred day moving average price of $232.75. Hilton Worldwide Holdings Inc. has a 52-week low of $186.83 and a 52-week high of $259.01.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company earned $1.67 EPS. Hilton Worldwide’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts predict that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide announced that its board has approved a share buyback plan on Thursday, November 14th that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HLT shares. Wells Fargo & Company reduced their price objective on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Bank of America lifted their price objective on shares of Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. TD Cowen decreased their price target on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Truist Financial upped their price objective on Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $238.24.

About Hilton Worldwide

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.