Morse Asset Management Inc lessened its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 95.9% in the 4th quarter, Holdings Channel reports. The firm owned 144 shares of the company’s stock after selling 3,346 shares during the period. Morse Asset Management Inc’s holdings in Hilton Worldwide were worth $41,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Moss Adams Wealth Advisors LLC increased its stake in Hilton Worldwide by 2.8% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock valued at $382,000 after purchasing an additional 36 shares in the last quarter. Quent Capital LLC increased its stake in Hilton Worldwide by 3.8% in the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock valued at $287,000 after purchasing an additional 37 shares in the last quarter. L2 Asset Management LLC increased its stake in Hilton Worldwide by 3.6% in the third quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock valued at $281,000 after purchasing an additional 38 shares in the last quarter. RMR Wealth Builders increased its stake in Hilton Worldwide by 1.3% in the third quarter. RMR Wealth Builders now owns 2,953 shares of the company’s stock valued at $766,000 after purchasing an additional 39 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its stake in Hilton Worldwide by 1.6% in the second quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock valued at $680,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 0.4%
Shares of HLT stock opened at $312.73 on Wednesday. Hilton Worldwide Holdings Inc. has a 1 year low of $235.99 and a 1 year high of $344.75. The firm’s fifty day moving average price is $311.99 and its two-hundred day moving average price is $295.55. The firm has a market capitalization of $71.19 billion, a P/E ratio of 47.75, a PEG ratio of 2.70 and a beta of 1.06.
Hilton Worldwide Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is 9.16%.
Insider Transactions at Hilton Worldwide
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 114,289 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $317.47, for a total transaction of $36,283,328.83. Following the sale, the insider directly owned 36,445 shares of the company’s stock, valued at approximately $11,570,194.15. This represents a 75.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Barclays upped their target price on shares of Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Morgan Stanley upped their target price on shares of Hilton Worldwide from $303.00 to $318.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. upped their target price on shares of Hilton Worldwide from $350.00 to $363.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Robert W. Baird upped their price target on shares of Hilton Worldwide from $285.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, Susquehanna increased their price objective on shares of Hilton Worldwide from $345.00 to $353.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $348.59.
View Our Latest Research Report on Hilton Worldwide
Hilton Worldwide Profile
Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.
Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.
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