Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Bought by Drive Wealth Management LLC

Drive Wealth Management LLC boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,399 shares of the company’s stock after buying an additional 65 shares during the quarter. Drive Wealth Management LLC’s holdings in Hilton Worldwide were worth $255,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $25,000. Activest Wealth Management acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at $26,000. Exchange Traded Concepts LLC acquired a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $31,000. Bartlett & Co. LLC acquired a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $33,000. Finally, Clear Street Markets LLC acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at $34,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Down 1.1 %

Shares of NYSE:HLT opened at $210.37 on Wednesday. The company has a market cap of $53.05 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 1.88 and a beta of 1.25. The firm’s 50-day simple moving average is $201.27 and its 200-day simple moving average is $177.99. Hilton Worldwide Holdings Inc. has a fifty-two week low of $134.43 and a fifty-two week high of $215.79.

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

Hilton Worldwide Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently commented on HLT. Truist Financial reiterated a “hold” rating and set a $199.00 price target on shares of Hilton Worldwide in a research note on Wednesday, March 20th. UBS Group lifted their price target on shares of Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Wells Fargo & Company lifted their price target on shares of Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 20th. Robert W. Baird lifted their price target on shares of Hilton Worldwide from $210.00 to $212.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Finally, Evercore ISI lifted their price target on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research note on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $197.78.

Read Our Latest Research Report on HLT

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 owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.

Hilton Worldwide Company 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.

Featured Articles

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

Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.