LPL Financial LLC Has $29.89 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

LPL Financial LLC increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 36.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,936 shares of the company's stock after purchasing an additional 32,522 shares during the quarter. LPL Financial LLC's holdings in Hilton Worldwide were worth $29,891,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Hilton Worldwide by 15.3% during the 3rd 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 in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock valued at $1,012,069,000 after purchasing an additional 121,900 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Hilton Worldwide by 5.1% in the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock valued at $840,164,000 after purchasing an additional 164,461 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $394,748,000 after buying an additional 39,786 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Hilton Worldwide by 3.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,352,243 shares of the company's stock valued at $311,692,000 after buying an additional 49,506 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Macquarie increased their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. The Goldman Sachs Group raised their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Barclays upped their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Morgan Stanley raised their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Finally, Mizuho reaffirmed a "neutral" rating and issued a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $254.53.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT traded up $3.05 during trading on Wednesday, reaching $230.33. The stock had a trading volume of 869,804 shares, compared to its average volume of 1,823,449. Hilton Worldwide Holdings Inc. has a 52 week low of $193.86 and a 52 week high of $275.22. The firm's fifty day moving average is $250.15 and its 200 day moving average is $245.30. The stock has a market cap of $55.19 billion, a price-to-earnings ratio of 37.45, a P/E/G ratio of 2.86 and a beta of 1.29.

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 for the quarter, topping analysts' consensus estimates 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 forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date was Friday, February 21st. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.76%.

Insiders Place Their Bets

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

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.