Assetmark Inc. Acquires 4,151 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Assetmark Inc. boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,808 shares of the company's stock after acquiring an additional 4,151 shares during the quarter. Assetmark Inc.'s holdings in Hilton Worldwide were worth $14,288,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Souders Financial Advisors increased its position in Hilton Worldwide by 15.1% in the 4th quarter. Souders Financial Advisors now owns 1,279 shares of the company's stock valued at $316,000 after acquiring an additional 168 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Hilton Worldwide by 28.1% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 2,974 shares of the company's stock valued at $739,000 after acquiring an additional 653 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Hilton Worldwide by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,597,137 shares of the company's stock valued at $394,748,000 after purchasing an additional 39,786 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Hilton Worldwide during the 4th quarter valued at $255,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Hilton Worldwide by 194.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock worth $651,000 after buying an additional 1,740 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Hilton Worldwide

In other news, insider Michael W. Duffy sold 23,366 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,746,152.78. This represents a 50.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays boosted their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Morgan Stanley lifted their target price on Hilton Worldwide from $265.00 to $274.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Macquarie lifted their price target on Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Mizuho reiterated a "neutral" rating and set a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide has an average rating of "Hold" and an average target price of $250.61.

Hilton Worldwide Price Performance

Shares of NYSE HLT traded down $3.77 during trading hours on Friday, hitting $247.35. 2,219,291 shares of the company's stock were exchanged, compared to its average volume of 1,522,541. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22. The stock has a market capitalization of $59.51 billion, a price-to-earnings ratio of 40.22, a PEG ratio of 2.86 and a beta of 1.29. The company's 50-day moving average price is $255.04 and its 200-day moving average price is $243.54.

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

Hilton Worldwide announced that its board has authorized a stock repurchase plan on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be paid 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 0.24%. Hilton Worldwide's dividend 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.