Stratos Wealth Partners LTD. Acquires 109 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Stratos Wealth Partners LTD. raised its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,355 shares of the company’s stock after purchasing an additional 109 shares during the period. Stratos Wealth Partners LTD.’s holdings in Hilton Worldwide were worth $793,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Savoir Faire Capital Management L.P. purchased a new stake in Hilton Worldwide during the third quarter valued at about $4,270,000. International Assets Investment Management LLC raised its position in Hilton Worldwide by 19,454.9% during the fourth 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 raised its position in Hilton Worldwide by 6.3% during the fourth 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. Envestnet Portfolio Solutions Inc. purchased a new stake in Hilton Worldwide during the third quarter valued at about $1,276,000. Finally, Prime Capital Investment Advisors LLC raised its position in Hilton Worldwide by 4.4% during the fourth 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. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $210.76 on Friday. The stock’s 50 day simple moving average is $204.34 and its two-hundred day simple moving average is $180.91. The stock has a market cap of $52.98 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 1.87 and a beta of 1.25. 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 posted 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. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 EPS. On average, analysts predict that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd were given a $0.15 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. Hilton Worldwide’s dividend payout ratio is currently 13.86%.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

HLT has been the topic of a number of research reports. Barclays raised their price target on Hilton Worldwide from $200.00 to $204.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Wells Fargo & Company lifted their price objective on Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 20th. UBS Group lifted their price objective on Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Evercore ISI lifted their price objective on Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a report on Wednesday, March 20th. Finally, Truist Financial reiterated a “hold” rating and issued a $199.00 price objective on shares of Hilton Worldwide in a report on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $201.28.

About Hilton Worldwide

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.