Focus Partners Advisor Solutions LLC lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 80.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 824 shares of the company’s stock after selling 3,425 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Hilton Worldwide were worth $212,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Clearstead Trust LLC purchased a new stake in shares of Hilton Worldwide in the 2nd quarter worth $30,000. Sagard Holdings Management Inc. purchased a new position in shares of Hilton Worldwide during the second quarter valued at $30,000. Caitlin John LLC bought a new stake in shares of Hilton Worldwide in the third quarter valued at about $32,000. Atlantic Edge Private Wealth Management LLC lifted its stake in Hilton Worldwide by 52.9% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock worth $34,000 after acquiring an additional 45 shares during the period. Finally, Ameritas Advisory Services LLC grew its holdings in Hilton Worldwide by 110.6% during the 3rd quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock worth $36,000 after acquiring an additional 73 shares in the last quarter. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Price Performance
Shares of HLT stock opened at $296.65 on Thursday. The business has a fifty day moving average of $304.46 and a 200 day moving average of $283.52. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $333.86. The firm has a market capitalization of $68.02 billion, a price-to-earnings ratio of 48.47, a price-to-earnings-growth ratio of 2.59 and a beta of 1.10.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, February 27th. Hilton Worldwide’s dividend payout ratio is 9.80%.
Insider Transactions at Hilton Worldwide
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 114,289 shares of Hilton Worldwide stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $317.47, for a total transaction of $36,283,328.83. Following the completion of the sale, the insider directly owned 36,445 shares in the company, valued at approximately $11,570,194.15. The trade was a 75.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on HLT shares. Jefferies Financial Group reissued a “buy” rating and set a $339.00 target price on shares of Hilton Worldwide in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hilton Worldwide from $299.00 to $332.00 and gave the company a “hold” rating in a research note on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Hilton Worldwide in a report on Monday, December 29th. Truist Financial upped their target price on Hilton Worldwide from $253.00 to $307.00 and gave the stock a “hold” rating in a report on Thursday, February 12th. Finally, HSBC increased their target price on Hilton Worldwide from $307.00 to $319.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $326.18.
Check Out Our Latest Research Report on Hilton Worldwide
Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.
Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.
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