Summit Financial LLC Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Summit Financial LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 928 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Palumbo Wealth Management LLC increased its holdings in Hilton Worldwide by 2.0% in the 4th 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 grew its position 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 purchasing an additional 43 shares during the period. Versant Capital Management Inc increased its stake in shares of Hilton Worldwide by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock worth $92,000 after purchasing an additional 48 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Hilton Worldwide by 2.8% during the 4th quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company’s stock worth $444,000 after purchasing an additional 49 shares during the last quarter. Finally, Angeles Wealth Management LLC lifted its stake in Hilton Worldwide by 3.7% in the 4th 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 in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Performance

HLT stock opened at $208.72 on Friday. The firm has a market cap of $50.01 billion, a PE ratio of 33.94, a PEG ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22. The firm’s 50 day moving average price is $248.39 and its 200-day moving average price is $244.95.

Hilton Worldwide (NYSE:HLT) last released 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%. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were issued a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Analysts Set New Price Targets

HLT has been the subject of a number of research analyst reports. Macquarie increased their target price on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Truist Financial reduced their price objective on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Wells Fargo & Company raised their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Susquehanna upped their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, Barclays boosted their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $254.56.

Insider Buying and Selling

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 shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.