Atria Investments Inc Reduces Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Atria Investments Inc decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,649 shares of the company's stock after selling 1,071 shares during the period. Atria Investments Inc's holdings in Hilton Worldwide were worth $4,609,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in shares of Hilton Worldwide by 7.7% during the fourth quarter. Assetmark Inc. now owns 57,808 shares of the company's stock valued at $14,288,000 after purchasing an additional 4,151 shares during the last quarter. Souders Financial Advisors boosted its stake in Hilton Worldwide by 15.1% during the fourth quarter. Souders Financial Advisors now owns 1,279 shares of the company's stock valued at $316,000 after buying an additional 168 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its position in Hilton Worldwide by 28.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 2,974 shares of the company's stock worth $739,000 after buying an additional 653 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position 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 period. Finally, SBI Securities Co. Ltd. purchased a new stake in Hilton Worldwide during the fourth quarter valued at about $255,000. Institutional investors and hedge funds own 95.90% of the company's stock.

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Insider Activity at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the transaction, the insider now directly owns 22,833 shares in the company, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HLT shares. Macquarie raised their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Mizuho restated a "neutral" rating and set a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. The Goldman Sachs Group boosted their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Morgan Stanley increased their price target on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Finally, Jefferies Financial Group upped their price objective 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. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $250.61.

Hilton Worldwide Stock Down 3.2 %

Shares of NYSE HLT traded down $7.83 during mid-day trading on Monday, reaching $239.31. 305,617 shares of the company were exchanged, compared to its average volume of 1,492,454. The stock has a market capitalization of $57.58 billion, a P/E ratio of 38.87, a P/E/G ratio of 2.86 and a beta of 1.29. The company's 50-day simple moving average is $255.04 and its 200-day simple moving average is $243.54. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (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%. As a group, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 14th that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given 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 dividend yield of 0.25%. 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.