Advyzon Investment Management LLC Makes New $329,000 Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Advyzon Investment Management LLC bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,330 shares of the company’s stock, valued at approximately $329,000.

Other hedge funds have also made changes to their positions in the company. Palumbo Wealth Management LLC grew its stake in Hilton Worldwide by 2.0% during the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock worth $528,000 after buying an additional 41 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in shares of Hilton Worldwide by 2.1% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company’s stock worth $468,000 after acquiring an additional 42 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Hilton Worldwide by 0.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,443 shares of the company’s stock worth $1,946,000 after acquiring an additional 44 shares during the last quarter. Graypoint LLC increased its holdings in Hilton Worldwide by 2.6% during the 3rd quarter. Graypoint LLC now owns 1,869 shares of the company’s stock valued at $431,000 after purchasing an additional 47 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in Hilton Worldwide by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock valued at $92,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Trading Down 0.6 %

Hilton Worldwide stock opened at $267.90 on Friday. The firm has a market capitalization of $64.46 billion, a P/E ratio of 43.56, a PEG ratio of 2.87 and a beta of 1.29. The business has a 50-day moving average of $253.27 and a 200-day moving average of $239.24. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22.

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%. Research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s payout ratio is presently 9.76%.

Hilton Worldwide announced that its Board of Directors has approved a share repurchase plan on Thursday, November 14th that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

HLT has been the topic of several research analyst reports. Jefferies Financial Group increased their target price on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Raymond James increased their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Truist Financial upped their target price on shares of Hilton Worldwide from $208.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Robert W. Baird raised their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective 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. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $246.61.

Insiders Place Their Bets

In related news, insider Michael W. Duffy sold 23,366 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 22,833 shares in the company, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 on 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 completion of the transaction, the insider now directly owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

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.