Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,885 shares of the company’s stock after acquiring an additional 238 shares during the period. Atria Wealth Solutions Inc.’s holdings in Hilton Worldwide were worth $713,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. bought a new stake in shares of Hilton Worldwide in the 3rd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hilton Worldwide in the 4th quarter worth $34,000. Groupama Asset Managment raised its stake in shares of Hilton Worldwide by 37.8% in the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after buying an additional 4,118 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Hilton Worldwide in the 4th quarter worth $36,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Hilton Worldwide in the 3rd quarter worth $38,000. Institutional investors own 95.90% of the company’s stock.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was 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 $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at $5,746,152.78. This represents a 50.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $257.92 on Wednesday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22. The business has a 50-day moving average of $253.67 and a two-hundred day moving average of $240.87. The stock has a market capitalization of $62.05 billion, a P/E ratio of 41.94, a P/E/G ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results 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, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide declared 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 reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board 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. Shareholders 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 dividend yield of 0.23%. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Wall Street Analysts Forecast Growth

HLT has been the topic of a number of recent research reports. Jefferies Financial Group lifted their target price on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Susquehanna lifted their price target on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday. Wells Fargo & Company lifted their price target on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Raymond James lifted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, Mizuho reiterated a “neutral” rating and set a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $248.56.

Hilton Worldwide 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.