Dorsey & Whitney Trust CO LLC Has $770,000 Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Dorsey & Whitney Trust CO LLC grew its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,114 shares of the company’s stock after buying an additional 74 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Hilton Worldwide were worth $770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of Hilton Worldwide by 9.2% during the fourth quarter. Larson Financial Group LLC now owns 12,387 shares of the company’s stock worth $3,062,000 after purchasing an additional 1,042 shares during the period. Banco Santander S.A. grew its stake in shares of Hilton Worldwide by 116.4% during the fourth quarter. Banco Santander S.A. now owns 7,262 shares of the company’s stock worth $1,795,000 after purchasing an additional 3,906 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Hilton Worldwide by 2,746.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company’s stock worth $133,487,000 after purchasing an additional 484,436 shares during the period. Mesirow Financial Investment Management Inc. grew its stake in shares of Hilton Worldwide by 0.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 52,214 shares of the company’s stock worth $12,905,000 after purchasing an additional 244 shares during the period. Finally, EFG Asset Management Americas Corp. acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $2,202,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HLT. Susquehanna lifted their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group lifted their price objective on Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Barclays lifted their target price on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their target price on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and a consensus target price of $250.61.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $247.35 on Monday. The firm has a market cap of $59.51 billion, a price-to-earnings ratio of 40.22, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The stock’s 50-day moving average is $255.04 and its 200-day moving average is $243.54. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year 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 analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS 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 issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.24%. Hilton Worldwide’s payout ratio is presently 9.76%.

Hilton Worldwide declared that its Board of Directors has authorized a share repurchase program on Thursday, November 14th that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the transaction, the insider now owns 22,833 shares of the company’s stock, valued at $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher J. Nassetta sold 40,653 shares of the business’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 value of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

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.