WBI Investments Inc. Takes Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

WBI Investments Inc. bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 9,982 shares of the company’s stock, valued at approximately $1,499,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Deutsche Bank AG grew its position in Hilton Worldwide by 181.1% during the third quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock worth $391,640,000 after buying an additional 1,680,156 shares in the last quarter. Greenleaf Trust boosted its stake in Hilton Worldwide by 3.8% in the third quarter. Greenleaf Trust now owns 7,800 shares of the company’s stock worth $1,171,000 after buying an additional 289 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Hilton Worldwide by 2.1% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 52,692 shares of the company’s stock valued at $7,913,000 after acquiring an additional 1,092 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of Hilton Worldwide by 0.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 15,676 shares of the company’s stock worth $2,354,000 after acquiring an additional 92 shares in the last quarter. Finally, Lazard Freres Gestion S.A.S. raised its stake in shares of Hilton Worldwide by 10.6% during the third quarter. Lazard Freres Gestion S.A.S. now owns 5,680 shares of the company’s stock worth $853,000 after acquiring an additional 545 shares in the last quarter. 94.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christopher W. Silcock sold 10,863 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $166.61, for a total value of $1,809,884.43. Following the completion of the transaction, the insider now directly owns 58,256 shares of the company’s stock, valued at approximately $9,706,032.16. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Hilton Worldwide Trading Up 0.7 %

Shares of HLT stock opened at $193.57 on Tuesday. Hilton Worldwide Holdings Inc. has a 12 month low of $129.86 and a 12 month high of $198.15. The stock has a market cap of $48.81 billion, a PE ratio of 44.70, a price-to-earnings-growth ratio of 1.74 and a beta of 1.26. The company’s fifty day moving average price is $183.67 and its 200-day moving average price is $164.92.

Hilton Worldwide (NYSE:HLTGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.11. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. Hilton Worldwide’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 EPS. On average, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.1 earnings per share for the current fiscal year.

Hilton Worldwide declared that its Board of Directors has authorized a share buyback program on Thursday, November 9th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to reacquire up to 7.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio is presently 13.86%.

Analyst Upgrades and Downgrades

Several research firms have commented on HLT. Evercore ISI reissued an “in-line” rating and set a $200.00 price target on shares of Hilton Worldwide in a research note on Monday, February 5th. Raymond James lifted their price target on shares of Hilton Worldwide from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Jefferies Financial Group raised their target price on shares of Hilton Worldwide from $157.00 to $182.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Morgan Stanley raised their target price on shares of Hilton Worldwide from $182.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Finally, Macquarie raised their target price on shares of Hilton Worldwide from $190.00 to $192.00 and gave the stock a “neutral” rating in a report on Friday. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and an average target price of $176.93.

Read Our Latest Stock Analysis on HLT

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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.

See Also

Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report).

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

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