Choate Investment Advisors Increases Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Choate Investment Advisors increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 28.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,403 shares of the company's stock after buying an additional 3,194 shares during the period. Choate Investment Advisors' holdings in Hilton Worldwide were worth $3,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HLT. Palumbo Wealth Management LLC increased its stake in shares of Hilton Worldwide by 2.0% in the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock valued at $528,000 after buying an additional 41 shares during the period. Signature Estate & Investment Advisors LLC raised its holdings in shares of Hilton Worldwide by 2.1% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company's stock worth $468,000 after acquiring an additional 42 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in Hilton Worldwide by 1.3% in the 4th 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 during the last quarter. Versant Capital Management Inc increased its stake in Hilton Worldwide by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 372 shares of the company's stock valued at $92,000 after buying an additional 48 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in shares of Hilton Worldwide by 2.8% during the 4th quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock worth $444,000 after purchasing an additional 49 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction on 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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HLT. Susquehanna raised their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Morgan Stanley raised their price objective on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. lifted their target price 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. Mizuho reiterated a "neutral" rating and issued a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Finally, Raymond James boosted their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide currently has a consensus rating of "Hold" and a consensus target price of $250.61.

Hilton Worldwide Trading Down 0.5 %

NYSE:HLT traded down $1.20 during trading hours on Thursday, reaching $231.75. 1,413,157 shares of the company were exchanged, compared to its average volume of 1,513,351. The stock's 50-day moving average is $252.69 and its 200-day moving average is $244.11. The firm has a market cap of $55.76 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. 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 posted its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share 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, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide's payout ratio is 9.76%.

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.