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

Trust Investment Advisors purchased a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, Holdings Channel.com reports. The firm purchased 825 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Noble Wealth Management PBC bought a new position in shares of Hilton Worldwide during the fourth quarter valued at $27,000. VSM Wealth Advisory LLC bought a new stake in Hilton Worldwide during the 4th quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Hilton Worldwide in the fourth quarter worth about $34,000. Groupama Asset Managment lifted its stake in shares of Hilton Worldwide by 37.8% in the third 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. Finally, Sierra Ocean LLC purchased a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $36,000. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

HLT opened at $234.69 on Wednesday. The stock has a market cap of $56.47 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The firm’s fifty day moving average is $251.84 and its 200 day moving average is $244.76. 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 released its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

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

Analyst Upgrades and Downgrades

HLT has been the topic of several analyst reports. Truist Financial lowered their price objective on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Barclays increased their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Mizuho restated a “neutral” rating and set a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. The Goldman Sachs Group lifted their price target on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley increased their price objective 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. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and a consensus price target of $254.53.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s 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 completion of the transaction, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.50% of the stock is currently owned by corporate insiders.

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.