Assetmark Inc. lessened its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,235 shares of the company’s stock after selling 1,744 shares during the period. Assetmark Inc.’s holdings in Hilton Worldwide were worth $15,579,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Caitlin John LLC bought a new stake in Hilton Worldwide during the third quarter valued at $32,000. Atlantic Edge Private Wealth Management LLC increased its stake in Hilton Worldwide by 52.9% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock valued at $34,000 after purchasing an additional 45 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in Hilton Worldwide by 110.6% during the third quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Hilton Worldwide during the third quarter valued at $38,000. Finally, BOCHK Asset Management Ltd acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at $43,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.6%
HLT stock opened at $330.77 on Friday. The company has a market capitalization of $75.68 billion, a P/E ratio of 54.05, a PEG ratio of 2.85 and a beta of 1.11. The company has a 50-day simple moving average of $309.03 and a 200 day simple moving average of $289.73. Hilton Worldwide Holdings Inc. has a fifty-two week low of $201.15 and a fifty-two week high of $333.86.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is currently 9.80%.
Insider Buying and Selling
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 114,289 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $11,570,194.15. This represents a 75.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Evercore boosted their price target on shares of Hilton Worldwide from $325.00 to $335.00 in a report on Thursday, February 12th. Barclays boosted their price target on shares of Hilton Worldwide from $350.00 to $363.00 and gave the company an “overweight” rating in a report on Thursday. Sanford C. Bernstein boosted their price target on shares of Hilton Worldwide from $304.00 to $322.00 in a report on Wednesday, February 25th. Macquarie Infrastructure boosted their price target on shares of Hilton Worldwide from $295.00 to $296.00 and gave the company a “neutral” rating in a report on Monday. Finally, Jefferies Financial Group reissued a “buy” rating and set a $339.00 price target on shares of Hilton Worldwide in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Moderate Buy” and a consensus target price of $329.55.
View Our Latest Stock Report on Hilton Worldwide
Hilton Worldwide 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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