Aventura Private Wealth LLC acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,499 shares of the company’s stock, valued at approximately $718,000.
Several other large investors have also recently bought and sold shares of HLT. Sagard Holdings Management Inc. bought a new stake in shares of Hilton Worldwide during the second quarter worth $30,000. Caitlin John LLC bought a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $32,000. Atlantic Edge Private Wealth Management LLC grew its position in shares of Hilton Worldwide by 52.9% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock worth $34,000 after buying an additional 45 shares during the period. Ameritas Advisory Services LLC raised its stake in shares of Hilton Worldwide by 110.6% during the third quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock worth $36,000 after buying an additional 73 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in Hilton Worldwide in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
HLT opened at $292.44 on Friday. The business’s 50-day simple moving average is $304.80 and its 200 day simple moving average is $284.43. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $333.86. The firm has a market capitalization of $67.05 billion, a PE ratio of 47.78, a PEG ratio of 2.58 and a beta of 1.10.
Hilton Worldwide Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.80%.
Insider Buying and Selling
In other news, insider Christopher J. Nassetta sold 114,289 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was 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. The trade was a 75.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on HLT shares. Sanford C. Bernstein increased their target price on Hilton Worldwide from $304.00 to $322.00 in a research note on Wednesday, February 25th. Mizuho lifted their price objective on shares of Hilton Worldwide from $266.00 to $321.00 and gave the stock a “neutral” 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 research report on Wednesday, February 11th. Argus lifted their target price on Hilton Worldwide from $350.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, HSBC boosted their target price on Hilton Worldwide from $307.00 to $319.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.18.
Read Our Latest 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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