SageView Advisory Group LLC Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

SageView Advisory Group LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 878 shares of the company’s stock, valued at approximately $217,000.

Several other large investors also recently modified their holdings of the stock. Palumbo Wealth Management LLC raised its holdings in Hilton Worldwide by 2.0% in the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock valued at $528,000 after acquiring an additional 41 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of Hilton Worldwide by 1.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock valued at $799,000 after purchasing an additional 43 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Hilton Worldwide by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock worth $92,000 after purchasing an additional 48 shares during the period. Arkadios Wealth Advisors lifted its holdings in Hilton Worldwide by 2.8% during the 4th quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company’s stock worth $444,000 after purchasing an additional 49 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its stake in Hilton Worldwide by 3.7% in the 4th quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company’s stock valued at $351,000 after purchasing an additional 51 shares during the period. 95.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on HLT shares. Raymond James increased their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a research note on Monday. Jefferies Financial Group lowered their target price on shares of Hilton Worldwide from $277.00 to $228.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. 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 research note on Tuesday, February 4th. Finally, Susquehanna raised 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. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Hold” and an average target price of $248.88.

Hilton Worldwide Stock Down 0.9 %

Shares of HLT stock opened at $209.41 on Thursday. The firm has a market capitalization of $50.18 billion, a P/E ratio of 34.05, a P/E/G ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22. The stock’s fifty day simple moving average is $238.64 and its 200 day simple moving average is $243.65.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were paid a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. Hilton Worldwide’s payout ratio is 9.76%.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is 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.