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

Trust Investment Advisors acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 825 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds also recently bought and sold shares of the company. Keystone Investors PTE Ltd. bought a new position in shares of Hilton Worldwide in the fourth quarter worth $2,101,000. TD Asset Management Inc. increased its stake in Hilton Worldwide by 5.0% in the 4th quarter. TD Asset Management Inc. now owns 1,938,977 shares of the company’s stock worth $479,238,000 after acquiring an additional 91,944 shares during the last quarter. EFG Asset Management North America Corp. raised its holdings in shares of Hilton Worldwide by 76.1% in the 4th quarter. EFG Asset Management North America Corp. now owns 26,913 shares of the company’s stock valued at $6,655,000 after acquiring an additional 11,634 shares in the last quarter. Corebridge Financial Inc. boosted its position in shares of Hilton Worldwide by 2.2% during the 4th quarter. Corebridge Financial Inc. now owns 83,313 shares of the company’s stock valued at $20,592,000 after acquiring an additional 1,781 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Hilton Worldwide in the fourth quarter worth approximately $484,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction that occurred 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 sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Macquarie boosted their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Susquehanna increased their target price on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Raymond James lifted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Jefferies Financial Group increased their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Finally, Barclays boosted their target price on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide presently has an average rating of “Hold” and an average target price of $254.53.

Hilton Worldwide Price Performance

NYSE HLT opened at $234.69 on Wednesday. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The stock has a market capitalization of $56.47 billion, a PE ratio of 38.16, a PEG ratio of 2.86 and a beta of 1.29. The business’s 50-day moving average is $251.84 and its 200 day moving average is $244.76.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share 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%. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

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 paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s payout ratio is 9.76%.

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.