Abacus FCF Advisors LLC Grows Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Abacus FCF Advisors LLC increased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 71.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,346 shares of the company's stock after purchasing an additional 12,221 shares during the period. Abacus FCF Advisors LLC's holdings in Hilton Worldwide were worth $7,253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Palumbo Wealth Management LLC grew its position in 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 acquiring an additional 41 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Hilton Worldwide by 1.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock worth $799,000 after purchasing an additional 43 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Hilton Worldwide by 14.8% in 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 holdings in Hilton Worldwide by 2.8% during the 4th quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock valued at $444,000 after buying an additional 49 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its position in 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 buying an additional 51 shares during the period. Institutional investors own 95.90% of the company's stock.

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Hilton Worldwide Stock Up 1.2 %

Shares of HLT stock traded up $2.52 during trading hours on Friday, hitting $212.44. 2,751,839 shares of the company's stock traded hands, compared to its average volume of 1,710,703. The stock has a market cap of $50.90 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 2.86 and a beta of 1.19. The stock's fifty day simple moving average is $241.96 and its two-hundred day simple moving average is $244.28. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) 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%. On average, equities 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 was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. Hilton Worldwide's dividend payout ratio is currently 9.76%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction 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 completion of the sale, the insider now owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.50% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on HLT. Jefferies Financial Group decreased their price objective on shares of Hilton Worldwide from $277.00 to $228.00 and set a "hold" rating on the stock in a research report on Wednesday. Raymond James upped their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Truist Financial cut their price objective on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company upped their target price on Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Finally, Macquarie lifted their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $251.50.

Hilton Worldwide 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.