Waterfront Wealth Inc. Boosts Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Waterfront Wealth Inc. grew its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,485 shares of the company’s stock after purchasing an additional 202 shares during the period. Waterfront Wealth Inc.’s holdings in Hilton Worldwide were worth $1,181,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLT. Activest Wealth Management acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at $26,000. OFI Invest Asset Management purchased a new position in Hilton Worldwide during the 3rd quarter valued at about $25,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Hilton Worldwide in the 4th quarter valued at approximately $37,000. Exchange Traded Concepts LLC bought a new stake in shares of Hilton Worldwide in the 3rd quarter valued at approximately $31,000. Finally, VitalStone Financial LLC boosted its position in Hilton Worldwide by 115.4% during the first quarter. VitalStone Financial LLC now owns 224 shares of the company’s stock worth $35,000 after purchasing an additional 120 shares during the period. Institutional investors own 95.90% of the company’s stock.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by company insiders.

Hilton Worldwide Trading Down 1.0 %

Hilton Worldwide stock traded down $2.02 during trading on Wednesday, reaching $200.48. The company had a trading volume of 1,930,490 shares, compared to its average volume of 1,446,765. Hilton Worldwide Holdings Inc. has a 52 week low of $134.43 and a 52 week high of $215.79. The firm’s 50-day simple moving average is $205.00 and its 200 day simple moving average is $182.62. The firm has a market capitalization of $50.39 billion, a price-to-earnings ratio of 46.30, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the firm earned $1.59 EPS. Hilton Worldwide’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, analysts predict that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were paid a $0.15 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.30%. Hilton Worldwide’s payout ratio is presently 13.86%.

Analyst Ratings Changes

HLT has been the subject of a number of research analyst reports. HSBC upped their price target on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. UBS Group increased their target price on Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Wells Fargo & Company increased their target price on Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 20th. Truist Financial reiterated a “hold” rating and issued a $199.00 price target on shares of Hilton Worldwide in a report on Wednesday, March 20th. Finally, TD Cowen increased their target price on Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.28.

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.