Wealthfront Advisers LLC Has $2.69 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Wealthfront Advisers LLC reduced its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,895 shares of the company's stock after selling 3,514 shares during the quarter. Wealthfront Advisers LLC's holdings in Hilton Worldwide were worth $2,693,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLT. FMR LLC lifted its holdings in Hilton Worldwide by 2.1% during the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company's stock valued at $2,585,148,000 after purchasing an additional 226,223 shares during the last quarter. Principal Financial Group Inc. raised its stake 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 during 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 worth $1,012,069,000 after acquiring an additional 121,900 shares in the last quarter. Jennison Associates LLC grew its position in Hilton Worldwide by 5.1% during the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock worth $840,164,000 after acquiring an additional 164,461 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings 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. 95.90% of the stock is owned by institutional investors.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the firm's stock in a transaction 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 transaction, the insider now owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael W. Duffy sold 23,366 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the sale, the insider now directly owns 22,833 shares in the company, 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. 2.50% of the stock is owned by insiders.

Hilton Worldwide Stock Performance

Shares of HLT opened at $222.60 on Friday. The firm has a market capitalization of $53.56 billion, a PE ratio of 36.20, a P/E/G ratio of 2.86 and a beta of 1.29. The stock has a 50 day simple moving average of $253.71 and a 200 day simple moving average of $243.55. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22.

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Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

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

Hilton Worldwide Dividend Announcement

The company 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 $0.15 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. Hilton Worldwide's dividend payout ratio (DPR) is 9.76%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HLT shares. Raymond James raised their target price on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Jefferies Financial Group raised their price objective on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. increased their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Mizuho restated a "neutral" rating and issued a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Finally, Morgan Stanley increased their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $250.61.

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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