Unique Wealth Strategies LLC Purchases New Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Unique Wealth Strategies LLC purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,252 shares of the company’s stock, valued at approximately $774,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Headlands Technologies LLC boosted its position in shares of Hilton Worldwide by 113.5% in the 4th quarter. Headlands Technologies LLC now owns 1,411 shares of the company’s stock valued at $257,000 after purchasing an additional 750 shares during the period. Syon Capital LLC acquired a new stake in Hilton Worldwide during the 4th quarter worth about $447,000. Tokio Marine Asset Management Co. Ltd. boosted its position in Hilton Worldwide by 3.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,756 shares of the company’s stock worth $1,230,000 after acquiring an additional 239 shares during the period. Atria Wealth Solutions Inc. boosted its position in Hilton Worldwide by 2.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,044 shares of the company’s stock worth $736,000 after acquiring an additional 97 shares during the period. Finally, Yousif Capital Management LLC boosted its position in Hilton Worldwide by 12.5% during the 4th quarter. Yousif Capital Management LLC now owns 40,350 shares of the company’s stock worth $7,347,000 after acquiring an additional 4,491 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT stock traded down $1.81 during trading on Friday, reaching $202.12. The company had a trading volume of 1,572,956 shares, compared to its average volume of 1,481,052. The firm’s 50 day simple moving average is $205.79 and its two-hundred day simple moving average is $184.82. Hilton Worldwide Holdings Inc. has a one year low of $134.43 and a one year high of $215.79. The company has a market capitalization of $50.54 billion, a PE ratio of 43.94, a PEG ratio of 1.81 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the business earned $1.24 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. Analysts forecast that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Thursday, May 16th. Hilton Worldwide’s payout ratio is 13.04%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HLT shares. Robert W. Baird raised their price objective on Hilton Worldwide from $212.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday. Truist Financial raised their price objective on Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research report on Thursday. UBS Group raised their price objective on Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft raised their price objective on Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Evercore ISI raised their price target on Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research note on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.06.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction that occurred 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 transaction, the insider now directly owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.50% of the company’s stock.

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.