Frank Rimerman Advisors LLC Raises Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Frank Rimerman Advisors LLC raised its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,190 shares of the company’s stock after buying an additional 126 shares during the period. Frank Rimerman Advisors LLC’s holdings in Hilton Worldwide were worth $294,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new position in Hilton Worldwide in the fourth quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Hilton Worldwide in the fourth quarter valued at about $34,000. Groupama Asset Managment increased its holdings in Hilton Worldwide by 37.8% in the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after buying an additional 4,118 shares in the last quarter. Sierra Ocean LLC purchased a new position in Hilton Worldwide in the fourth quarter valued at about $36,000. Finally, True Wealth Design LLC increased its stake in shares of Hilton Worldwide by 2,400.0% during the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock worth $40,000 after purchasing an additional 168 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Price Performance

Hilton Worldwide stock opened at $234.33 on Tuesday. The firm’s fifty day moving average price is $253.19 and its 200 day moving average price is $244.13. The company has a market capitalization of $56.38 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s payout ratio is currently 9.76%.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the sale, the insider now owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Mizuho reissued a “neutral” rating and set a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Finally, Raymond James lifted their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Hold” and a consensus target price of $250.61.

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.