Orion Portfolio Solutions LLC Purchases 244 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Orion Portfolio Solutions LLC grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,010 shares of the company’s stock after buying an additional 244 shares during the period. Orion Portfolio Solutions LLC’s holdings in Hilton Worldwide were worth $1,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Signature Estate & Investment Advisors LLC boosted its stake in Hilton Worldwide by 2.1% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock worth $468,000 after acquiring an additional 42 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Hilton Worldwide by 0.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock worth $1,946,000 after purchasing an additional 44 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Hilton Worldwide by 4.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,169 shares of the company’s stock worth $269,000 after buying an additional 46 shares during the last quarter. Graypoint LLC increased its position in Hilton Worldwide by 2.6% during the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company’s stock valued at $431,000 after buying an additional 47 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC raised its stake in Hilton Worldwide by 4.2% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock valued at $273,000 after buying an additional 48 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $252.78 on Friday. The stock has a 50-day simple moving average of $244.95 and a two-hundred day simple moving average of $225.44. Hilton Worldwide Holdings Inc. has a 52-week low of $175.80 and a 52-week high of $259.01. The firm has a market capitalization of $61.62 billion, a PE ratio of 54.24, a P/E/G ratio of 3.23 and a beta of 1.30.

Hilton Worldwide (NYSE:HLT) last released 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. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. Equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

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

Analyst Ratings Changes

Several research firms recently issued reports on HLT. Melius Research reaffirmed a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Robert W. Baird upped their price target on Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, TD Cowen reduced their price target 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. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $232.65.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the sale, the insider now owns 22,833 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. 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.