NewEdge Wealth LLC Acquires 1,023 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

NewEdge Wealth LLC raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 16.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,120 shares of the company’s stock after purchasing an additional 1,023 shares during the quarter. NewEdge Wealth LLC’s holdings in Hilton Worldwide were worth $1,760,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HLT. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at $34,000. Groupama Asset Managment increased its stake in shares of Hilton Worldwide by 37.8% in the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after buying an additional 4,118 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at $36,000. Ashton Thomas Securities LLC acquired a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $38,000. Finally, True Wealth Design LLC increased its stake in shares of Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock valued at $40,000 after buying an additional 168 shares during the period. Institutional investors own 95.90% of the company’s stock.

Insider Activity

In related news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the sale, the insider now owns 22,833 shares in the company, valued at $5,746,152.78. The trade was 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.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HLT. Macquarie lifted their target price on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Mizuho reissued a “neutral” rating and issued a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. The Goldman Sachs Group lifted their target price on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company lifted their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and a consensus price target of $249.24.

Hilton Worldwide Trading Up 2.4 %

NYSE:HLT opened at $265.19 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The stock has a market cap of $63.80 billion, a price-to-earnings ratio of 43.12, a PEG ratio of 2.86 and a beta of 1.29. The stock has a 50-day moving average price of $254.59 and a two-hundred day moving average price of $241.79.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

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

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.23%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.76%.

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.