Envestnet Portfolio Solutions Inc. Has $3.49 Million Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,130 shares of the company’s stock after purchasing an additional 877 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Hilton Worldwide were worth $3,492,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HLT. FMR LLC increased its holdings in shares of Hilton Worldwide by 2.1% in the third 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 in the last quarter. Principal Financial Group Inc. boosted its position in Hilton Worldwide by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after buying an additional 1,429,537 shares during the last quarter. Franklin Resources Inc. increased its stake 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 valued at $1,012,069,000 after buying an additional 121,900 shares during the period. Jennison Associates LLC raised its position in shares of Hilton Worldwide by 5.1% during the fourth 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. lifted its stake in shares of Hilton Worldwide by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,597,137 shares of the company’s stock valued at $394,748,000 after acquiring an additional 39,786 shares during the period. Institutional investors own 95.90% of the company’s stock.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HLT shares. Macquarie lifted their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Susquehanna upped their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Jefferies Financial Group increased their price target on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley lifted their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Finally, Barclays increased their target price on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $250.61.

Hilton Worldwide Stock Up 2.6 %

Shares of HLT opened at $232.94 on Thursday. The company has a 50 day moving average of $252.69 and a 200-day moving average of $244.11. The stock has a market capitalization of $56.04 billion, a P/E ratio of 37.88, a P/E/G ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

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.