Graney & King LLC Purchases Shares of 212 Hilton Worldwide Holdings Inc. (NYSE:HLT)

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

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. increased its stake in Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after purchasing an additional 1,429,537 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock valued at $1,012,069,000 after buying an additional 121,900 shares during the last quarter. Jennison Associates LLC raised its stake in Hilton Worldwide by 5.1% during the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company’s stock worth $840,164,000 after acquiring an additional 164,461 shares in the last quarter. TD Asset Management Inc. lifted its position in Hilton Worldwide by 5.0% in the fourth quarter. TD Asset Management Inc. now owns 1,938,977 shares of the company’s stock valued at $479,238,000 after acquiring an additional 91,944 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Hilton Worldwide by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,597,137 shares of the company’s stock worth $394,748,000 after purchasing an additional 39,786 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company’s 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 owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $234.68 on Thursday. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22. The firm has a market capitalization of $56.46 billion, a P/E ratio of 38.16, a PEG ratio of 2.86 and a beta of 1.29. The company’s fifty day moving average is $251.65 and its two-hundred day moving average is $244.69.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. On average, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

Analyst Ratings Changes

HLT has been the subject of several research reports. Susquehanna boosted their target price on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Raymond James increased their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Jefferies Financial Group upped their price target on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group upped their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Hilton Worldwide has an average rating of “Hold” and an average price target of $254.53.

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.