SBI Securities Co. Ltd. Invests $255,000 in Hilton Worldwide Holdings Inc. (NYSE:HLT)

SBI Securities Co. Ltd. acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,030 shares of the company’s stock, valued at approximately $255,000.

Several other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in Hilton Worldwide by 47.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,182 shares of the company’s stock worth $273,000 after acquiring an additional 378 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Hilton Worldwide in the 3rd quarter worth approximately $46,000. Amalgamated Bank increased its holdings in Hilton Worldwide by 1.5% in the 3rd quarter. Amalgamated Bank now owns 52,757 shares of the company’s stock worth $12,160,000 after acquiring an additional 770 shares in the last quarter. Marks Group Wealth Management Inc increased its holdings in Hilton Worldwide by 8.0% in the 3rd quarter. Marks Group Wealth Management Inc now owns 3,059 shares of the company’s stock worth $705,000 after acquiring an additional 226 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in Hilton Worldwide by 32.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 3,189 shares of the company’s stock worth $735,000 after acquiring an additional 778 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling

In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction on Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the sale, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Barclays increased their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Raymond James increased their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. The Goldman Sachs Group increased their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Macquarie increased their price objective on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and an average price target of $250.61.

Hilton Worldwide Stock Performance

HLT stock opened at $259.35 on Thursday. The firm has a market cap of $62.40 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The firm has a fifty day moving average price of $255.10 and a 200 day moving average price of $242.86. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide announced that its board has authorized a stock repurchase program on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to purchase up to 5.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a $0.15 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

Hilton Worldwide Company 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.