Integrated Wealth Concepts LLC Sells 120 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Integrated Wealth Concepts LLC trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,339 shares of the company’s stock after selling 120 shares during the period. Integrated Wealth Concepts LLC’s holdings in Hilton Worldwide were worth $309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of Hilton Worldwide by 4.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,450 shares of the company’s stock worth $1,844,000 after acquiring an additional 365 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Hilton Worldwide by 11.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,270 shares of the company’s stock worth $2,895,000 after acquiring an additional 1,393 shares during the period. Blue Trust Inc. grew its stake in Hilton Worldwide by 130.2% during the second quarter. Blue Trust Inc. now owns 1,616 shares of the company’s stock worth $345,000 after buying an additional 914 shares in the last quarter. Raymond James & Associates increased its stake in Hilton Worldwide by 10.9% in the second quarter. Raymond James & Associates now owns 321,656 shares of the company’s stock valued at $70,185,000 after acquiring an additional 31,548 shares during the last quarter. Finally, Western Wealth Management LLC increased its stake in shares of Hilton Worldwide by 7.1% in the 2nd quarter. Western Wealth Management LLC now owns 1,700 shares of the company’s stock valued at $371,000 after purchasing an additional 112 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Down 0.4 %

NYSE HLT opened at $255.91 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $175.80 and a 52 week high of $259.01. The business has a 50 day moving average price of $244.07 and a 200-day moving average price of $224.88. The company has a market cap of $62.39 billion, a price-to-earnings ratio of 55.12, a P/E/G ratio of 3.25 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.07. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 earnings per share. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide declared that its board has initiated a stock repurchase plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 14,357 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This trade represents a 38.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HLT. Melius downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Evercore ISI upped their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Wells Fargo & Company reduced their price target on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Bank of America lifted their target price on Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $230.59.

Hilton Worldwide Company 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.