UniSuper Management Pty Ltd Acquires 1,869 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

UniSuper Management Pty Ltd increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,262 shares of the company’s stock after buying an additional 1,869 shares during the period. UniSuper Management Pty Ltd’s holdings in Hilton Worldwide were worth $20,579,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Palumbo Wealth Management LLC grew its stake in Hilton Worldwide by 2.0% in the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock worth $528,000 after buying an additional 41 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in Hilton Worldwide by 1.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock valued at $799,000 after purchasing an additional 43 shares in the last quarter. Versant Capital Management Inc lifted its stake in Hilton Worldwide by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock worth $92,000 after purchasing an additional 48 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in shares of Hilton Worldwide by 2.8% in the 4th quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company’s stock worth $444,000 after purchasing an additional 49 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its position in shares of Hilton Worldwide by 3.7% during the 4th quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company’s stock valued at $351,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HLT. Raymond James lifted 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. Morgan Stanley boosted their price target on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. The Goldman Sachs Group raised their price objective on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Truist Financial reduced their price target on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Finally, Wells Fargo & Company boosted their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $254.53.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction that occurred 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 sale, the insider now owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Up 0.0 %

NYSE HLT opened at $234.68 on Thursday. The stock’s 50 day moving average is $251.65 and its 200 day moving average is $244.69. The firm has a market capitalization of $56.46 billion, a PE ratio of 38.16, a P/E/G ratio of 2.86 and a beta of 1.29. 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 released its 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%. On average, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business 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 dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s payout ratio is presently 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.