Sagespring Wealth Partners LLC Acquires New Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sagespring Wealth Partners LLC acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,170 shares of the company's stock, valued at approximately $784,000.

Several other large investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its holdings in shares of Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after acquiring an additional 1,429,537 shares in the last quarter. Morse Asset Management Inc increased its holdings in Hilton Worldwide by 3.9% in the 3rd quarter. Morse Asset Management Inc now owns 2,675 shares of the company's stock worth $617,000 after buying an additional 100 shares during the period. Anchor Investment Management LLC lifted its holdings in shares of Hilton Worldwide by 97.0% in the 3rd quarter. Anchor Investment Management LLC now owns 465 shares of the company's stock valued at $107,000 after buying an additional 229 shares during the period. Eaton Financial Holdings Company LLC acquired a new stake in shares of Hilton Worldwide during the 3rd quarter worth approximately $669,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Hilton Worldwide in the third quarter valued at $765,000. 95.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares of the company's stock, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HLT. Macquarie upped 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. Jefferies Financial Group cut their price target on Hilton Worldwide from $277.00 to $228.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Raymond James boosted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Wells Fargo & Company boosted 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 report on Tuesday, February 4th. Finally, Barclays lifted their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $248.88.

Hilton Worldwide Trading Up 0.6 %

HLT stock traded up $1.34 during trading on Friday, hitting $210.43. The company had a trading volume of 2,144,466 shares, compared to its average volume of 1,728,656. The stock has a market cap of $50.42 billion, a PE ratio of 34.22, a PEG ratio of 2.86 and a beta of 1.19. The business has a 50-day moving average of $236.33 and a 200-day moving average of $243.38. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.76 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%. Research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's 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.