Sigma Planning Corp Sells 286 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sigma Planning Corp lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,270 shares of the company’s stock after selling 286 shares during the quarter. Sigma Planning Corp’s holdings in Hilton Worldwide were worth $413,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HLT. OFI Invest Asset Management bought a new position in Hilton Worldwide in the 3rd quarter valued at $25,000. Activest Wealth Management bought a new position in Hilton Worldwide in the 4th quarter valued at $26,000. Exchange Traded Concepts LLC bought a new position in shares of Hilton Worldwide during the 3rd quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Hilton Worldwide by 494.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 232 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of Hilton Worldwide during the 4th quarter worth $37,000. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Down 0.9 %

NYSE:HLT opened at $202.12 on Friday. The business’s 50-day moving average price is $205.79 and its two-hundred day moving average price is $184.82. Hilton Worldwide Holdings Inc. has a twelve month low of $134.43 and a twelve month high of $215.79. The stock has a market cap of $50.80 billion, a P/E ratio of 43.94, a PEG ratio of 1.83 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 92.07% and a net margin of 11.41%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the firm posted $1.24 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 6.99 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Insider Activity

In other news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the transaction, the insider now directly owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HLT. TD Cowen increased their price target on Hilton Worldwide from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Truist Financial increased their price target on Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research note on Thursday. UBS Group increased their price target on Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Jefferies Financial Group increased their price objective on Hilton Worldwide from $157.00 to $182.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Finally, Robert W. Baird increased their price objective on Hilton Worldwide from $212.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.06.

Hilton Worldwide Company 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.