Waldron Private Wealth LLC Acquires Shares of 1,480 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Waldron Private Wealth LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,480 shares of the company’s stock, valued at approximately $269,000.

Other hedge funds have also recently modified their holdings of the company. Savoir Faire Capital Management L.P. purchased a new position in shares of Hilton Worldwide in the third quarter valued at about $4,270,000. International Assets Investment Management LLC boosted its stake in shares of Hilton Worldwide by 19,454.9% during the 4th quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock valued at $53,981,000 after purchasing an additional 294,937 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Hilton Worldwide by 6.3% during the 4th quarter. Nordea Investment Management AB now owns 1,674,212 shares of the company’s stock valued at $305,159,000 after purchasing an additional 98,790 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its stake in shares of Hilton Worldwide by 4.4% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 16,370 shares of the company’s stock valued at $2,981,000 after purchasing an additional 694 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Hilton Worldwide during the 3rd quarter valued at about $1,276,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insider Activity

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HLT shares. Bank of America lifted their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Truist Financial reaffirmed a “hold” rating and set a $199.00 target price on shares of Hilton Worldwide in a research note on Wednesday, March 20th. UBS Group lifted their target price on shares of Hilton Worldwide from $190.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Macquarie boosted their price objective on shares of Hilton Worldwide from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Finally, Evercore ISI boosted their price objective on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research note on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average target price of $201.28.

Hilton Worldwide Stock Down 1.0 %

HLT opened at $202.47 on Wednesday. The firm has a 50 day moving average price of $204.91 and a 200-day moving average price of $182.50. Hilton Worldwide Holdings Inc. has a twelve month low of $134.43 and a twelve month high of $215.79. The stock has a market capitalization of $50.89 billion, a price-to-earnings ratio of 46.76, a PEG ratio of 1.81 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the company earned $1.59 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, analysts expect that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. Hilton Worldwide’s payout ratio is 13.86%.

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.