Angeles Wealth Management LLC Acquires 51 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Angeles Wealth Management LLC raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,422 shares of the company’s stock after purchasing an additional 51 shares during the period. Angeles Wealth Management LLC’s holdings in Hilton Worldwide were worth $351,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC raised its stake in Hilton Worldwide by 2.1% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock valued at $468,000 after buying an additional 42 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Hilton Worldwide by 0.5% during the third quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock valued at $1,946,000 after purchasing an additional 44 shares in the last quarter. Graypoint LLC raised its position in Hilton Worldwide by 2.6% in the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company’s stock worth $431,000 after buying an additional 47 shares during the last quarter. Meadow Creek Wealth Advisors LLC lifted its stake in Hilton Worldwide by 4.2% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 1,184 shares of the company’s stock valued at $273,000 after acquiring an additional 48 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Hilton Worldwide by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock valued at $92,000 after acquiring an additional 48 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock opened at $267.43 on Tuesday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $186.83 and a fifty-two week high of $274.18. The company has a fifty day moving average of $250.63 and a 200 day moving average of $236.10. The company has a market capitalization of $65.19 billion, a P/E ratio of 43.48, a P/E/G ratio of 2.85 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last posted its 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 57.01%. Analysts forecast that Hilton Worldwide Holdings Inc. will post 7.76 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s payout ratio is 9.76%.

Hilton Worldwide announced that its board has authorized a stock buyback plan on Thursday, November 14th that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the company to buy up to 5.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

HLT has been the topic of a number of research analyst reports. Truist Financial increased their price objective on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Barclays raised their price target on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research report on Monday, October 21st. Robert W. Baird raised their target price on Hilton Worldwide from $235.00 to $236.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group upped their price target on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. 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 currently has an average rating of “Hold” and an average target price of $246.61.

Insider Activity

In other Hilton Worldwide news, 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 value of $10,928,745.99. Following the transaction, the insider now owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the transaction, the insider now directly owns 22,833 shares in the company, valued at $5,746,152.78. This represents a 50.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Profile

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.