Level Four Advisory Services LLC Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Level Four Advisory Services LLC acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, HoldingsChannel reports. The fund acquired 1,078 shares of the company’s stock, valued at approximately $266,000.

Other large investors have also recently made changes to their positions in the company. Noble Wealth Management PBC purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at approximately $34,000. Groupama Asset Managment grew its stake in Hilton Worldwide by 37.8% in the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock valued at $35,000 after acquiring an additional 4,118 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in Hilton Worldwide in the 4th quarter worth $36,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the company’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 sale, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

HLT has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Susquehanna upped their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Raymond James boosted their target price on Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Barclays lifted their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Truist Financial dropped their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a report on Friday, March 21st. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $254.53.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock opened at $227.21 on Wednesday. The stock has a market capitalization of $54.44 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The business has a 50-day moving average of $250.15 and a 200 day moving average of $245.30. Hilton Worldwide Holdings Inc. has a 12 month low of $193.86 and a 12 month high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Friday, February 21st. Hilton Worldwide’s dividend payout ratio is currently 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.