Callan Family Office LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,141 shares of the company's stock, valued at approximately $529,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its position in Hilton Worldwide by 2.1% in the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company's stock worth $2,585,148,000 after purchasing an additional 226,223 shares during the last quarter. Principal Financial Group Inc. grew its position in Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after buying an additional 1,429,537 shares in the last quarter. Franklin Resources Inc. increased its stake in Hilton Worldwide by 3.1% during the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock valued at $1,012,069,000 after acquiring an additional 121,900 shares during the period. Jennison Associates LLC raised its holdings in Hilton Worldwide by 5.1% in the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock valued at $840,164,000 after acquiring an additional 164,461 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Hilton Worldwide by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,597,137 shares of the company's stock worth $394,748,000 after acquiring an additional 39,786 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.
A number of analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Mizuho restated a "neutral" rating and issued a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Barclays lifted their target price on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group raised their price target on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a "hold" rating in a research note on Thursday, January 2nd. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of "Hold" and a consensus target price of $250.61.
Get Our Latest Stock Report on Hilton Worldwide
Shares of Hilton Worldwide stock traded down $8.32 on Monday, hitting $238.82. The company had a trading volume of 3,350,087 shares, compared to its average volume of 1,563,127. The stock has a 50-day moving average of $255.04 and a 200-day moving average of $243.54. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22. The firm has a market capitalization of $57.46 billion, a P/E ratio of 38.83, a P/E/G ratio of 2.86 and a beta of 1.29.
Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating 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%. Equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide's dividend payout ratio is presently 9.76%.
Hilton Worldwide announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 14th that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were 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 in the company, valued at $5,746,152.78. This represents a 50.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares of the company's stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company's stock.
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.
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