Cerity Partners LLC Has $780,000 Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Cerity Partners LLC increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 64.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,284 shares of the company’s stock after buying an additional 1,684 shares during the quarter. Cerity Partners LLC’s holdings in Hilton Worldwide were worth $780,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HLT. Deutsche Bank AG raised its stake in Hilton Worldwide by 181.1% during the 3rd quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock worth $391,640,000 after buying an additional 1,680,156 shares during the period. Artemis Investment Management LLP purchased a new stake in shares of Hilton Worldwide in the fourth quarter worth approximately $64,221,000. International Assets Investment Management LLC raised its stake in shares of Hilton Worldwide by 19,454.9% in the fourth quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock worth $53,981,000 after purchasing an additional 294,937 shares during the last quarter. Darsana Capital Partners LP raised its stake in shares of Hilton Worldwide by 14.3% in the third quarter. Darsana Capital Partners LP now owns 2,000,000 shares of the company’s stock worth $300,360,000 after purchasing an additional 250,000 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Hilton Worldwide by 44.4% in the third quarter. Barclays PLC now owns 762,082 shares of the company’s stock worth $114,447,000 after purchasing an additional 234,365 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, the insider now owns 2,536,478 shares in the company, valued at $496,338,015.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $195.14 on Tuesday. Hilton Worldwide Holdings Inc. has a 52-week low of $134.43 and a 52-week high of $215.79. The company has a market capitalization of $49.05 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 1.72 and a beta of 1.25. The business’s fifty day moving average is $205.17 and its 200 day moving average is $183.85.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the business posted $1.59 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.06 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 23rd were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.86%.

Analysts Set New Price Targets

HLT has been the subject of several analyst reports. Macquarie increased their price objective on Hilton Worldwide from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Truist Financial reissued a “hold” rating and issued a $199.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Mizuho initiated coverage on Hilton Worldwide in a research report on Tuesday, March 26th. They set a “buy” rating and a $245.00 price target for the company. Bank of America increased their price target on Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, Jefferies Financial Group increased their price target on Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $201.94.

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.