Mizuho Securities USA LLC boosted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 44.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,105 shares of the company’s stock after acquiring an additional 7,126 shares during the period. Mizuho Securities USA LLC’s holdings in Hilton Worldwide were worth $5,711,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Noble Wealth Management PBC acquired a new stake in Hilton Worldwide in the 4th quarter valued at $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hilton Worldwide during the fourth quarter worth about $34,000. Sierra Ocean LLC acquired a new stake in shares of Hilton Worldwide in the 4th quarter worth about $36,000. Finally, Hopwood Financial Services Inc. bought a new position in Hilton Worldwide in the 4th quarter valued at about $41,000. Institutional investors own 95.90% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on HLT shares. JPMorgan Chase & Co. increased their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Mizuho restated a “neutral” rating and set a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Barclays lifted their target price on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Morgan Stanley increased their price target on Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Finally, Macquarie boosted their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and a consensus price target of $254.53.
Insider Activity at Hilton Worldwide
In related news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by corporate insiders.
Hilton Worldwide Stock Down 1.3 %
NYSE HLT opened at $228.78 on Friday. The company’s 50 day moving average is $252.22 and its 200-day moving average is $244.28. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22. The firm has a market cap of $55.04 billion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.
Hilton Worldwide (NYSE:HLT – Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide’s dividend payout ratio is currently 9.76%.
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.
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