Western Wealth Management LLC Invests $274,000 in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Western Wealth Management LLC acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,507 shares of the company’s stock, valued at approximately $274,000.

Several other hedge funds also recently modified their holdings of HLT. Trust Investment Advisors acquired a new position in Hilton Worldwide during the 4th quarter worth approximately $215,000. Waterfront Wealth Inc. raised its stake in shares of Hilton Worldwide by 3.2% in the fourth quarter. Waterfront Wealth Inc. now owns 6,485 shares of the company’s stock worth $1,181,000 after purchasing an additional 202 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Hilton Worldwide by 93.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 644 shares of the company’s stock worth $117,000 after purchasing an additional 311 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Hilton Worldwide by 5.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 27,974 shares of the company’s stock worth $5,094,000 after purchasing an additional 1,529 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hilton Worldwide by 30.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 115,521 shares of the company’s stock worth $21,035,000 after purchasing an additional 27,233 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HLT. TD Cowen increased their price objective on Hilton Worldwide from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Wells Fargo & Company upped their target price on Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, March 20th. BMO Capital Markets upped their target price on Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a report on Wednesday, March 20th. Evercore ISI upped their target price on Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a report on Wednesday, March 20th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $199.00 target price on shares of Hilton Worldwide in a report on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $201.94.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $195.14 on Tuesday. The company has a market capitalization of $49.05 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 1.72 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 52-week low of $134.43 and a 52-week high of $215.79. The business’s fifty day moving average is $205.17 and its 200 day moving average is $183.85.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.11. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. Hilton Worldwide’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.59 earnings per share. On average, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.06 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.60 annualized dividend and a yield of 0.31%. Hilton Worldwide’s payout ratio is 13.86%.

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.