NEOS Investment Management LLC Raises Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

NEOS Investment Management LLC grew its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 30.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,003 shares of the company’s stock after purchasing an additional 3,734 shares during the period. NEOS Investment Management LLC’s holdings in Hilton Worldwide were worth $3,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLT. Principal Financial Group Inc. increased its stake in Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after acquiring an additional 1,429,537 shares during the last quarter. Cerity Partners LLC boosted its position in Hilton Worldwide by 38.8% in the 3rd quarter. Cerity Partners LLC now owns 13,505 shares of the company’s stock valued at $3,113,000 after buying an additional 3,773 shares during the period. Independent Advisor Alliance boosted its holdings in Hilton Worldwide by 3.4% in the third quarter. Independent Advisor Alliance now owns 2,552 shares of the company’s stock valued at $588,000 after purchasing an additional 84 shares during the period. Townsquare Capital LLC increased its holdings in Hilton Worldwide by 60.7% during the 3rd quarter. Townsquare Capital LLC now owns 6,289 shares of the company’s stock worth $1,450,000 after purchasing an additional 2,376 shares during the period. Finally, Glenmede Trust Co. NA raised its position in Hilton Worldwide by 1.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 30,386 shares of the company’s stock valued at $7,004,000 after purchasing an additional 518 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

HLT stock opened at $232.10 on Friday. The company has a market cap of $55.84 billion, a price-to-earnings ratio of 37.74, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The company has a fifty day moving average price of $251.36 and a 200 day moving average price of $244.61. 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 announced its earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating 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%. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.76%.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HLT shares. The Goldman Sachs Group upped their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Truist Financial reduced their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Raymond James increased 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. Finally, Barclays lifted 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. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $254.53.

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.