Inceptionr LLC purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,341 shares of the company's stock, valued at approximately $579,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $34,000. Sierra Ocean LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $36,000. Ashton Thomas Securities LLC bought a new stake in shares of Hilton Worldwide during the 3rd quarter worth approximately $38,000. Finally, True Wealth Design LLC increased its position in Hilton Worldwide by 2,400.0% during the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company's stock worth $40,000 after purchasing an additional 168 shares in the last quarter. Institutional investors own 95.90% of the company's stock.
A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Raymond James upped their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Macquarie upped their price objective on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Barclays upped their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Finally, Mizuho reiterated a "neutral" rating and set a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $250.61.
Check Out Our Latest Stock Analysis on Hilton Worldwide
In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the firm's stock in a transaction on 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 sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,746,152.78. This trade represents a 50.58 % 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. Also, insider Christopher J. Nassetta sold 40,653 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now owns 77,383 shares of the company's stock, valued at $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company's stock.
Shares of NYSE HLT opened at $247.35 on Friday. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22. The firm has a fifty day simple moving average of $255.04 and a 200 day simple moving average of $243.14. The company has a market capitalization of $59.51 billion, a PE ratio of 40.22, a P/E/G ratio of 2.86 and a beta of 1.29.
Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide's payout ratio is 9.76%.
Hilton Worldwide declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.
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.
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