Beacon Pointe Advisors LLC Lowers Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Beacon Pointe Advisors LLC reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 34.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,065 shares of the company's stock after selling 1,067 shares during the period. Beacon Pointe Advisors LLC's holdings in Hilton Worldwide were worth $510,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Palumbo Wealth Management LLC grew its holdings in shares of Hilton Worldwide by 2.0% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock worth $528,000 after purchasing an additional 41 shares during the period. Concurrent Investment Advisors LLC lifted its position in Hilton Worldwide by 1.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock valued at $799,000 after buying an additional 43 shares in the last quarter. Versant Capital Management Inc grew its stake in Hilton Worldwide by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company's stock worth $92,000 after buying an additional 48 shares during the period. Arkadios Wealth Advisors raised its stake in shares of Hilton Worldwide by 2.8% in the 4th quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock valued at $444,000 after acquiring an additional 49 shares during the period. Finally, Angeles Wealth Management LLC lifted its holdings in shares of Hilton Worldwide by 3.7% during the 4th quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company's stock valued at $351,000 after acquiring an additional 51 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho reiterated a "neutral" rating and issued a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Raymond James raised their target price on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. The Goldman Sachs Group restated a "neutral" rating and issued a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Truist Financial reduced their target price on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research report on Wednesday. Finally, Robert W. Baird raised their price target on shares of Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $241.31.

Hilton Worldwide Trading Up 3.0 %

Shares of HLT opened at $241.11 on Friday. The firm has a market cap of $57.31 billion, a price-to-earnings ratio of 39.20, a PEG ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 52 week low of $194.93 and a 52 week high of $275.22. The stock has a 50 day moving average of $227.55 and a 200-day moving average of $242.52.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the firm earned $1.53 earnings per share. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Friday, February 21st. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.46%.

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.

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