FineMark National Bank & Trust Has $14.19 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

FineMark National Bank & Trust lifted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 77,952 shares of the company’s stock after purchasing an additional 6,351 shares during the quarter. FineMark National Bank & Trust’s holdings in Hilton Worldwide were worth $14,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. EdgeRock Capital LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter worth about $25,000. Activest Wealth Management acquired a new position in shares of Hilton Worldwide during the fourth quarter worth about $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter worth about $28,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Hilton Worldwide during the fourth quarter worth about $37,000. Finally, Anchor Investment Management LLC acquired a new position in Hilton Worldwide during the fourth quarter valued at approximately $46,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Down 2.4 %

Shares of HLT stock traded down $4.84 during trading hours on Thursday, reaching $199.59. The company’s stock had a trading volume of 1,091,215 shares, compared to its average volume of 1,519,373. The firm’s 50 day simple moving average is $205.50 and its 200-day simple moving average is $191.48. The company has a market capitalization of $49.91 billion, a price-to-earnings ratio of 43.89, a PEG ratio of 1.80 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a fifty-two week low of $134.43 and a fifty-two week high of $215.79.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 EPS. Sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.09 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Mizuho reduced their price target on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. HSBC increased their price target on Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. BMO Capital Markets increased their price target on Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a research report on Wednesday, March 20th. Bank of America upped their price objective on Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, Wells Fargo & Company upped their price objective on Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.59.

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.