Wedmont Private Capital Has $446,000 Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Wedmont Private Capital boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,449 shares of the company’s stock after purchasing an additional 268 shares during the period. Wedmont Private Capital’s holdings in Hilton Worldwide were worth $446,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in Hilton Worldwide during the third quarter valued at $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of Hilton Worldwide in the third quarter worth about $31,000. Bartlett & Co. LLC acquired a new stake in shares of Hilton Worldwide in the third quarter worth about $33,000. Clear Street Markets LLC bought a new position in shares of Hilton Worldwide in the fourth quarter worth about $34,000. Finally, VitalStone Financial LLC increased its stake in shares of Hilton Worldwide by 115.4% in the first quarter. VitalStone Financial LLC now owns 224 shares of the company’s stock worth $35,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 94.71% of the company’s stock.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of the firm’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 sale, the insider now directly owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Macquarie lifted their price objective on Hilton Worldwide from $190.00 to $192.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Robert W. Baird lifted their price objective on Hilton Worldwide from $203.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday. Evercore ISI restated an “in-line” rating and set a $200.00 price target on shares of Hilton Worldwide in a research note on Monday, February 5th. Bank of America boosted their price target on Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday. Finally, BMO Capital Markets boosted their price target on Hilton Worldwide from $184.00 to $203.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Eight research 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, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average target price of $186.00.

Check Out Our Latest Analysis on Hilton Worldwide

Hilton Worldwide Trading Up 0.9 %

HLT stock opened at $206.50 on Tuesday. The stock has a 50-day moving average price of $195.69 and a two-hundred day moving average price of $173.80. The stock has a market cap of $52.07 billion, a PE ratio of 47.69, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 1 year low of $129.86 and a 1 year high of $209.71.

Hilton Worldwide (NYSE:HLTGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the business posted $1.59 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, February 23rd will be paid a $0.15 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.60 annualized dividend and a yield of 0.29%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.86%.

Hilton Worldwide Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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