Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,232 shares of the company’s stock after buying an additional 43 shares during the period. Concurrent Investment Advisors LLC’s holdings in Hilton Worldwide were worth $799,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HLT. Private Advisor Group LLC boosted its holdings in shares of Hilton Worldwide by 7.2% in the 3rd quarter. Private Advisor Group LLC now owns 3,560 shares of the company’s stock valued at $820,000 after purchasing an additional 240 shares during the last quarter. Lake Street Advisors Group LLC boosted its holdings in Hilton Worldwide by 3.8% in the third quarter. Lake Street Advisors Group LLC now owns 1,537 shares of the company’s stock valued at $354,000 after acquiring an additional 56 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Hilton Worldwide by 5.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,858 shares of the company’s stock valued at $5,357,000 after acquiring an additional 1,223 shares during the last quarter. Forsta AP Fonden boosted its holdings in Hilton Worldwide by 10.8% in the third quarter. Forsta AP Fonden now owns 56,200 shares of the company’s stock valued at $12,954,000 after acquiring an additional 5,500 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its holdings in Hilton Worldwide by 4.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,126 shares of the company’s stock valued at $721,000 after acquiring an additional 132 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock opened at $259.31 on Monday. The firm has a fifty day moving average of $253.40 and a two-hundred day moving average of $240.12. The stock has a market capitalization of $62.39 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 52 week low of $193.86 and a 52 week high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its quarterly 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 net margin of 13.74% and a negative return on equity of 54.47%. As a group, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide declared 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 purchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is 9.76%.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the sale, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 $20,802,871.89. This trade represents a 34.44 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on HLT. Jefferies Financial Group lifted their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Wells Fargo & Company lifted their price target on shares of 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 set a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a report 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 report on Friday, February 7th. Finally, Macquarie boosted their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Hold” and a consensus price target of $246.61.

About Hilton Worldwide

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.