Concurrent Investment Advisors LLC Purchases 43 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

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

Several other institutional investors and hedge funds also recently made changes to their positions in HLT. Principal Financial Group Inc. boosted its holdings in shares of Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after buying an additional 1,429,537 shares in the last quarter. Jennison Associates LLC boosted its stake in Hilton Worldwide by 33.2% during the third quarter. Jennison Associates LLC now owns 3,234,809 shares of the company’s stock worth $745,624,000 after acquiring an additional 806,029 shares in the last quarter. Stockbridge Partners LLC boosted its stake in Hilton Worldwide by 63.6% during the third quarter. Stockbridge Partners LLC now owns 1,544,399 shares of the company’s stock worth $355,984,000 after acquiring an additional 600,593 shares in the last quarter. FMR LLC boosted its stake in Hilton Worldwide by 2.1% during the third quarter. FMR LLC now owns 11,215,391 shares of the company’s stock worth $2,585,148,000 after acquiring an additional 226,223 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Hilton Worldwide by 179.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 300,574 shares of the company’s stock worth $69,282,000 after purchasing an additional 193,063 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction dated 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 sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael W. Duffy sold 23,366 shares of the 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 of the company’s stock, valued at $5,746,152.78. The trade was a 50.58 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HLT has been the topic of several recent research reports. Barclays increased their price target on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Macquarie increased their target price on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $246.61.

Hilton Worldwide Price Performance

NYSE HLT opened at $259.31 on Monday. 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. The business’s fifty day moving average is $253.40 and its 200-day moving average is $240.12. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 expect 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 stock repurchase plan on Thursday, November 14th that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Hilton Worldwide Announces Dividend

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

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.