Evoke Wealth LLC Makes New $204,000 Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Evoke Wealth LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 4th quarter, HoldingsChannel.com reports. The fund bought 827 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors have also recently bought and sold shares of the business. Palumbo Wealth Management LLC raised its stake in Hilton Worldwide by 2.0% during the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock worth $528,000 after acquiring an additional 41 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Hilton Worldwide by 1.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock valued at $799,000 after buying an additional 43 shares during the period. Versant Capital Management Inc increased its stake in shares of Hilton Worldwide by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock valued at $92,000 after buying an additional 48 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Hilton Worldwide by 2.8% in the fourth quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company’s stock valued at $444,000 after buying an additional 49 shares during the period. Finally, Angeles Wealth Management LLC increased its stake in shares of Hilton Worldwide by 3.7% in the fourth quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company’s stock valued at $351,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 2.6 %

Shares of HLT opened at $232.94 on Thursday. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22. The business’s fifty day moving average is $252.69 and its 200 day moving average is $244.11. The stock has a market cap of $56.04 billion, a P/E ratio of 37.88, a P/E/G ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last issued its 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, analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.76%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HLT. Barclays upped their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Macquarie upped their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Wells Fargo & Company upped their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley increased their target price on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. 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.com, the stock has an average rating of “Hold” and an average price target of $250.61.

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.