Sequoia Financial Advisors LLC Acquires 428 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sequoia Financial Advisors LLC grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,417 shares of the company’s stock after purchasing an additional 428 shares during the period. Sequoia Financial Advisors LLC’s holdings in Hilton Worldwide were worth $1,833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after acquiring an additional 1,429,537 shares during the period. GSA Capital Partners LLP bought a new stake in Hilton Worldwide during the 3rd quarter worth approximately $226,000. Haverford Trust Co increased its holdings in Hilton Worldwide by 18.7% during the 3rd quarter. Haverford Trust Co now owns 1,704 shares of the company’s stock worth $393,000 after acquiring an additional 268 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Hilton Worldwide by 50.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,940 shares of the company’s stock worth $678,000 after acquiring an additional 992 shares during the period. Finally, Metis Global Partners LLC increased its holdings in Hilton Worldwide by 0.9% during the 3rd quarter. Metis Global Partners LLC now owns 10,308 shares of the company’s stock worth $2,376,000 after acquiring an additional 88 shares during the period. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 3.5 %

Shares of HLT opened at $229.61 on Friday. The stock has a market capitalization of $55.24 billion, a P/E ratio of 37.34, a PEG ratio of 2.86 and a beta of 1.29. The firm has a fifty day simple moving average of $253.37 and a two-hundred day simple moving average of $243.65. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share 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%. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given 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 payout ratio is currently 9.76%.

Analyst Ratings Changes

HLT has been the topic of a number of analyst reports. Barclays upped their target price on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Jefferies Financial Group upped their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Macquarie boosted their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Raymond James boosted their price target on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $250.61.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the transaction, the insider now directly owns 22,833 shares in the company, valued at approximately $5,746,152.78. This represents a 50.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction on Friday, February 7th. The stock was 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 $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

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.