Mn Services Vermogensbeheer B.V. Acquires 1,900 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Mn Services Vermogensbeheer B.V. raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.9% during the 4th quarter, Holdings Channel reports. The fund owned 100,781 shares of the company’s stock after purchasing an additional 1,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Hilton Worldwide were worth $24,909,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Wealth LLC grew its position in shares of Hilton Worldwide by 16.8% in the 4th quarter. NewEdge Wealth LLC now owns 7,120 shares of the company’s stock worth $1,760,000 after buying an additional 1,023 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in Hilton Worldwide by 11.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,706 shares of the company’s stock valued at $422,000 after acquiring an additional 169 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in Hilton Worldwide by 18.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 14,906 shares of the company’s stock worth $3,684,000 after purchasing an additional 2,283 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Hilton Worldwide by 3.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 7,572 shares of the company’s stock worth $1,871,000 after purchasing an additional 264 shares in the last quarter. Finally, Quartz Partners LLC lifted its holdings in shares of Hilton Worldwide by 13.0% during the 4th quarter. Quartz Partners LLC now owns 5,957 shares of the company’s stock valued at $1,472,000 after purchasing an additional 686 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Down 0.4 %

Shares of HLT stock opened at $258.95 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22. The business’s 50 day moving average is $254.28 and its two-hundred day moving average is $241.12. The company has a market capitalization of $62.30 billion, a P/E ratio of 42.11, a P/E/G ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (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%. On average, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.15 per share. The ex-dividend date 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 is currently 9.76%.

Hilton Worldwide announced that its Board of Directors has approved a share buyback plan on Thursday, November 14th that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

HLT has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price 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. Mizuho restated a “neutral” rating and set a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Jefferies Financial Group lifted their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Barclays upped their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price objective 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $248.56.

Insider Buying and Selling

In related news, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction on 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 completion of the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. This represents a 50.58 % decrease in their position. The transaction 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 firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The disclosure for this sale can be found here. 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.