Summit Global Investments Buys Shares of 2,638 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Summit Global Investments acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,638 shares of the company’s stock, valued at approximately $652,000.

A number of other institutional investors have also recently made changes to their positions in the business. Ballast Advisors LLC grew its stake in shares of Hilton Worldwide by 10.6% in the fourth quarter. Ballast Advisors LLC now owns 1,621 shares of the company’s stock worth $401,000 after acquiring an additional 155 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Hilton Worldwide by 768.3% in the fourth quarter. Teacher Retirement System of Texas now owns 14,535 shares of the company’s stock valued at $3,592,000 after purchasing an additional 12,861 shares during the period. VSM Wealth Advisory LLC acquired a new position in Hilton Worldwide during the 4th quarter worth $28,000. Xponance Inc. increased its holdings in Hilton Worldwide by 4.4% during the 4th quarter. Xponance Inc. now owns 48,287 shares of the company’s stock worth $11,935,000 after purchasing an additional 2,018 shares during the period. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at about $6,666,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock opened at $228.78 on Monday. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The company has a market capitalization of $55.04 billion, a P/E ratio of 37.20, a PEG ratio of 2.86 and a beta of 1.29. The company’s fifty day moving average is $252.22 and its two-hundred day moving average is $244.49.

Hilton Worldwide (NYSE:HLT) last posted 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%. As a group, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s payout ratio is 9.76%.

Insiders Place Their Bets

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction on 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 of the company’s stock, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on HLT shares. Susquehanna upped their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Truist Financial reduced their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a report on Friday. The Goldman Sachs Group boosted their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley raised their price target on Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company increased their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and an average target price of $254.53.

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.