Trust Investment Advisors Purchases New Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Trust Investment Advisors purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,180 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HLT. Activest Wealth Management purchased a new stake in Hilton Worldwide during the fourth quarter valued at approximately $26,000. OFI Invest Asset Management purchased a new stake in Hilton Worldwide during the third quarter valued at approximately $25,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Hilton Worldwide during the fourth quarter valued at approximately $37,000. Exchange Traded Concepts LLC purchased a new stake in Hilton Worldwide during the third quarter valued at approximately $31,000. Finally, VitalStone Financial LLC raised its position in Hilton Worldwide by 115.4% during the first quarter. VitalStone Financial LLC now owns 224 shares of the company’s stock valued at $35,000 after purchasing an additional 120 shares during the period. 95.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HLT shares. Robert W. Baird increased their price target on Hilton Worldwide from $210.00 to $212.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Truist Financial reissued a “hold” rating and issued a $199.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Jefferies Financial Group increased their target price on Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Macquarie increased their target price on Hilton Worldwide from $190.00 to $192.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets raised their price objective on Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $201.28.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock traded down $1.66 on Thursday, hitting $198.82. The company’s stock had a trading volume of 1,273,640 shares, compared to its average volume of 1,444,457. Hilton Worldwide Holdings Inc. has a 1 year low of $134.43 and a 1 year high of $215.79. The company has a market capitalization of $49.97 billion, a price-to-earnings ratio of 46.30, a price-to-earnings-growth ratio of 1.79 and a beta of 1.25. The firm has a fifty day moving average price of $205.00 and a 200-day moving average price of $182.62.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.57 by $0.11. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.59 EPS. As a group, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.06 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Thursday, February 22nd. Hilton Worldwide’s payout ratio is 13.86%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the sale, the insider now owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by corporate insiders.

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.