EFG Asset Management North America Corp. Has $6.66 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

EFG Asset Management North America Corp. lifted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 76.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,913 shares of the company’s stock after acquiring an additional 11,634 shares during the period. Hilton Worldwide makes up approximately 0.9% of EFG Asset Management North America Corp.’s holdings, making the stock its 18th biggest holding. EFG Asset Management North America Corp.’s holdings in Hilton Worldwide were worth $6,655,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Palumbo Wealth Management LLC increased its holdings in shares of Hilton Worldwide by 2.0% in the fourth 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 increased its stake in Hilton Worldwide by 1.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock worth $799,000 after purchasing an additional 43 shares in the last quarter. Versant Capital Management Inc raised its holdings in Hilton Worldwide by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock worth $92,000 after buying an additional 48 shares during the period. Arkadios Wealth Advisors lifted its stake in Hilton Worldwide by 2.8% in the fourth quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company’s stock valued at $444,000 after buying an additional 49 shares in the last quarter. Finally, Angeles Wealth Management LLC boosted its holdings in shares of Hilton Worldwide by 3.7% in the fourth 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 during the period. Institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HLT shares. The Goldman Sachs Group raised their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company boosted their price target on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Barclays upped their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Morgan Stanley lifted their target price on Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Finally, Mizuho reaffirmed a “neutral” rating and set a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $254.53.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Stock Up 1.4 %

Shares of NYSE HLT opened at $232.62 on Tuesday. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22. The company has a market cap of $55.97 billion, a PE ratio of 37.82, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The business’s 50 day moving average price is $252.04 and its two-hundred day moving average price is $244.61.

Hilton Worldwide (NYSE:HLT) last posted its 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%. As a group, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

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. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s payout ratio is 9.76%.

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.