Unique Wealth Strategies LLC Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Unique Wealth Strategies LLC acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,252 shares of the company’s stock, valued at approximately $774,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Activest Wealth Management acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at $26,000. OFI Invest Asset Management acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at $37,000. Exchange Traded Concepts LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter valued at $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Hilton Worldwide by 494.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 232 shares of the company’s stock valued at $36,000 after acquiring an additional 193 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the transaction, the insider now owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HLT shares. TD Cowen lifted their target price on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Jefferies Financial Group boosted their price objective on shares of Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Wells Fargo & Company boosted their price objective on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 20th. Evercore ISI boosted their price objective on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research note on Wednesday, March 20th. Finally, BMO Capital Markets boosted their price objective on shares of Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a research note on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.06.

Hilton Worldwide Stock Down 0.9 %

Shares of Hilton Worldwide stock traded down $1.81 on Friday, hitting $202.12. The company’s stock had a trading volume of 1,572,956 shares, compared to its average volume of 1,481,052. Hilton Worldwide Holdings Inc. has a 52-week low of $134.43 and a 52-week high of $215.79. The firm has a fifty day moving average price of $205.79 and a 200-day moving average price of $184.82. The company has a market capitalization of $50.54 billion, a P/E ratio of 43.94, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the firm earned $1.24 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be given a $0.15 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

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.