Aventura Private Wealth LLC purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,499 shares of the company’s stock, valued at approximately $718,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sagard Holdings Management Inc. acquired a new position in Hilton Worldwide during the second quarter valued at $30,000. Caitlin John LLC purchased a new position in Hilton Worldwide during the third quarter valued at approximately $32,000. Atlantic Edge Private Wealth Management LLC grew its position 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 in the last quarter. Ameritas Advisory Services LLC increased its stake in Hilton Worldwide by 110.6% in the 3rd quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock valued at $36,000 after buying an additional 73 shares during the period. Finally, Salomon & Ludwin LLC purchased a new stake in Hilton Worldwide in the 3rd quarter worth approximately $38,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide Trading Down 1.8%
Shares of HLT stock opened at $292.44 on Friday. The company has a market capitalization of $67.05 billion, a P/E ratio of 47.78, a P/E/G ratio of 2.58 and a beta of 1.10. The stock has a 50 day moving average of $304.80 and a two-hundred day moving average of $284.43. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $333.86.
Hilton Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is presently 9.80%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Hilton Worldwide from $318.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Jefferies Financial Group restated a “buy” rating and issued a $339.00 price objective on shares of Hilton Worldwide in a report on Wednesday, February 11th. Wells Fargo & Company increased their price target on shares of Hilton Worldwide from $338.00 to $373.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Evercore increased their target price on shares of Hilton Worldwide from $325.00 to $335.00 in a research report on Thursday, February 12th. Finally, Argus boosted their price target on Hilton Worldwide from $350.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $326.18.
Read Our Latest Stock Analysis on HLT
Insiders Place Their Bets
In related news, insider Christopher J. Nassetta sold 114,289 shares of the 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 owned 36,445 shares in the company, valued at $11,570,194.15. This trade represents a 75.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is owned by company insiders.
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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