Sax Wealth Advisors LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,370 shares of the company’s stock, valued at approximately $681,000.
A number of other hedge funds also recently made changes to their positions in HLT. Sagard Holdings Management Inc. bought a new stake in shares of Hilton Worldwide during the 2nd quarter valued at approximately $30,000. Caitlin John LLC bought a new position in Hilton Worldwide in the 3rd quarter valued at approximately $32,000. Atlantic Edge Private Wealth Management LLC boosted its position in Hilton Worldwide by 52.9% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock valued at $34,000 after buying an additional 45 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in Hilton Worldwide by 110.6% in the third quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock valued at $36,000 after buying an additional 73 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in shares of Hilton Worldwide during the third quarter worth $38,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Stock Down 0.4%
Shares of Hilton Worldwide stock opened at $301.83 on Friday. The stock has a market cap of $69.21 billion, a price-to-earnings ratio of 49.32, a P/E/G ratio of 2.63 and a beta of 1.10. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $333.86. The company’s fifty day moving average is $304.85 and its 200 day moving average is $285.15.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 27th. Hilton Worldwide’s payout ratio is currently 9.80%.
Insider Activity at Hilton Worldwide
In related news, insider Christopher J. Nassetta sold 114,289 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $317.47, for a total value of $36,283,328.83. Following the sale, the insider directly owned 36,445 shares in the company, valued at $11,570,194.15. This represents a 75.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.60% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on HLT shares. Wells Fargo & Company increased their price target on Hilton Worldwide from $338.00 to $373.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Truist Financial boosted their price objective on Hilton Worldwide from $253.00 to $307.00 and gave the stock a “hold” rating in a research report on Thursday, February 12th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $339.00 target price on shares of Hilton Worldwide in a report on Wednesday, February 11th. JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $318.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Rothschild & Co Redburn lifted their price target on Hilton Worldwide from $255.00 to $320.00 and gave the company a “neutral” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Hilton Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $326.18.
Read Our Latest Stock Report on HLT
Hilton Worldwide Profile
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.
Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.
Further Reading
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