Marvin & Palmer Associates Inc. Has $3.36 Million Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Marvin & Palmer Associates Inc. cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,606 shares of the company's stock after selling 1,527 shares during the quarter. Hilton Worldwide makes up about 2.6% of Marvin & Palmer Associates Inc.'s portfolio, making the stock its 16th largest position. Marvin & Palmer Associates Inc.'s holdings in Hilton Worldwide were worth $3,363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Johnson Investment Counsel Inc. purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $209,000. Daiwa Securities Group Inc. boosted its position in shares of Hilton Worldwide by 7.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 32,865 shares of the company's stock valued at $8,123,000 after acquiring an additional 2,395 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hilton Worldwide by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock valued at $55,774,000 after acquiring an additional 4,846 shares during the period. MQS Management LLC bought a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $262,000. Finally, AlphaQuest LLC lifted its position in Hilton Worldwide by 3.3% during the fourth quarter. AlphaQuest LLC now owns 4,533 shares of the company's stock valued at $1,120,000 after purchasing an additional 145 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Down 1.5 %

Shares of NYSE:HLT opened at $247.35 on Monday. The stock has a market cap of $59.51 billion, a P/E ratio of 40.22, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22. The business has a fifty day moving average of $255.04 and a two-hundred day moving average of $243.54.

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Hilton Worldwide (NYSE:HLT - Get Free Report) last released 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, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared 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 0.24%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide's dividend payout ratio is presently 9.76%.

Hilton Worldwide announced that its board has initiated a share 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 buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a report on Friday, December 13th. 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 research note on Friday, February 7th. The Goldman Sachs Group upped their price target 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. Finally, 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. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $250.61.

Insider Transactions at Hilton Worldwide

In related 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael W. Duffy sold 23,366 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the transaction, the insider now owns 22,833 shares of the company's stock, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.50% of the company's stock.

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.

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