Bison Wealth LLC Purchases 179 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Bison Wealth LLC grew its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,172 shares of the company’s stock after acquiring an additional 179 shares during the quarter. Bison Wealth LLC’s holdings in Hilton Worldwide were worth $1,124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Advisor Networks LLC lifted its position in Hilton Worldwide by 7.9% in the first quarter. Cetera Advisor Networks LLC now owns 1,473 shares of the company’s stock worth $224,000 after buying an additional 108 shares during the last quarter. D.A. Davidson & CO. lifted its position in Hilton Worldwide by 8.0% in the first quarter. D.A. Davidson & CO. now owns 1,499 shares of the company’s stock worth $227,000 after buying an additional 111 shares during the last quarter. Raymond James Trust N.A. lifted its position in Hilton Worldwide by 22.9% in the first quarter. Raymond James Trust N.A. now owns 3,422 shares of the company’s stock worth $519,000 after buying an additional 637 shares during the last quarter. Synovus Financial Corp increased its stake in Hilton Worldwide by 8.6% in the first quarter. Synovus Financial Corp now owns 6,148 shares of the company’s stock worth $932,000 after purchasing an additional 487 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Hilton Worldwide in the first quarter worth $91,000. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Price Performance

HLT opened at $204.43 on Tuesday. The business’s 50-day moving average is $204.76 and its two-hundred day moving average is $182.13. Hilton Worldwide Holdings Inc. has a 1 year low of $134.43 and a 1 year high of $215.79. The firm has a market capitalization of $51.38 billion, a PE ratio of 47.21, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.11. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $1.59 earnings per share. As a group, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.06 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio is presently 13.86%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HLT. Jefferies Financial Group increased their target price on Hilton Worldwide from $157.00 to $182.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Bank of America increased their target price on Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. HSBC increased their target price on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. BMO Capital Markets raised their price target on Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a research note on Wednesday, March 20th. Finally, Truist Financial restated a “hold” rating and set a $199.00 price target on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $201.28.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate 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.