Graney & King LLC Buys New Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Graney & King LLC purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 212 shares of the company’s stock, valued at approximately $52,000.

A number of other institutional investors have also modified their holdings of the company. Noble Wealth Management PBC purchased a new stake in Hilton Worldwide in the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Hilton Worldwide in the fourth quarter valued at $34,000. Groupama Asset Managment lifted its position in Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after buying an additional 4,118 shares during the period. Finally, Sierra Ocean LLC acquired a new stake in Hilton Worldwide in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 77,383 shares of the company’s stock, valued at $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

Hilton Worldwide stock opened at $234.68 on Thursday. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22. The company has a market capitalization of $56.46 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The firm’s fifty day moving average price is $251.65 and its 200 day moving average price is $244.69.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s payout ratio is currently 9.76%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HLT. Truist Financial cut their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Mizuho reiterated a “neutral” rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Morgan Stanley upped their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. lifted their target price on Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Macquarie upped their price target on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $254.53.

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.