Advisory Services Network LLC Buys 124 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Advisory Services Network LLC grew its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,553 shares of the company’s stock after acquiring an additional 124 shares during the quarter. Advisory Services Network LLC’s holdings in Hilton Worldwide were worth $631,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Norges Bank bought a new stake in Hilton Worldwide during the fourth quarter worth about $694,787,000. Principal Financial Group Inc. lifted its stake in Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after purchasing an additional 1,429,537 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Hilton Worldwide by 13.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock worth $1,952,314,000 after buying an additional 919,424 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Hilton Worldwide by 26.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company’s stock worth $806,999,000 after buying an additional 685,023 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its position in Hilton Worldwide by 2,746.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company’s stock valued at $133,487,000 after acquiring an additional 484,436 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction dated 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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Stock Up 0.6 %

Shares of HLT stock opened at $211.33 on Wednesday. The firm has a 50 day moving average of $239.84 and a 200-day moving average of $243.89. The company has a market cap of $50.64 billion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 52 week low of $193.86 and a 52 week high of $275.22.

Hilton Worldwide (NYSE:HLT) last posted 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%. Analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Friday, February 21st. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group reduced their price target on shares of Hilton Worldwide from $277.00 to $228.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Macquarie upped their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Mizuho reiterated a “neutral” rating and issued a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. 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 report on Friday, March 21st. Finally, Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $248.88.

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.