Sigma Planning Corp Sells 286 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sigma Planning Corp decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,270 shares of the company’s stock after selling 286 shares during the quarter. Sigma Planning Corp’s holdings in Hilton Worldwide were worth $413,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Hilton Worldwide in the 3rd quarter worth about $25,000. Activest Wealth Management bought a new stake in Hilton Worldwide during the 4th quarter worth about $26,000. Exchange Traded Concepts LLC bought a new stake in Hilton Worldwide during the 3rd quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Hilton Worldwide by 494.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 232 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Hilton Worldwide during the 4th quarter worth about $37,000. Institutional investors own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the transaction, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Stock Down 0.9 %

Shares of HLT opened at $202.12 on Friday. The stock has a market capitalization of $50.80 billion, a P/E ratio of 43.94, a P/E/G ratio of 1.83 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a twelve month low of $134.43 and a twelve month high of $215.79. The company has a 50 day moving average of $205.79 and a 200-day moving average of $184.82.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.12. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 92.07%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 6.99 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be paid a $0.15 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HLT. Mizuho decreased their price objective on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays increased their price objective on shares of Hilton Worldwide from $216.00 to $219.00 and gave the stock an “overweight” rating in a report on Thursday. Wells Fargo & Company increased their price objective on shares of Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 20th. Macquarie reissued a “neutral” rating and set a $192.00 price objective on shares of Hilton Worldwide in a report on Wednesday. Finally, HSBC upped their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.06.

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.