Catalyst Funds Management Pty Ltd decreased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 56.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,400 shares of the company's stock after selling 1,800 shares during the quarter. Catalyst Funds Management Pty Ltd's holdings in Hilton Worldwide were worth $346,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in HLT. 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 worth $2,479,354,000 after purchasing an additional 1,429,537 shares during the last quarter. Jennison Associates LLC grew its stake in Hilton Worldwide by 33.2% in the 3rd quarter. Jennison Associates LLC now owns 3,234,809 shares of the company's stock valued at $745,624,000 after acquiring an additional 806,029 shares during the period. Stockbridge Partners LLC raised its position in shares of Hilton Worldwide by 63.6% during the 3rd quarter. Stockbridge Partners LLC now owns 1,544,399 shares of the company's stock worth $355,984,000 after purchasing an additional 600,593 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Hilton Worldwide by 2,746.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company's stock valued at $133,487,000 after acquiring an additional 484,436 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Hilton Worldwide in the fourth quarter worth approximately $118,729,000. Hedge funds and other institutional investors own 95.90% of the company's stock.
Hilton Worldwide Stock Down 0.5 %
NYSE HLT traded down $1.20 on Thursday, reaching $231.75. The stock had a trading volume of 1,413,157 shares, compared to its average volume of 1,737,826. The stock has a fifty day moving average price of $252.69 and a two-hundred day moving average price of $244.11. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22. The firm has a market capitalization of $55.76 billion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 2.86 and a beta of 1.29.
Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data 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 negative return on equity of 54.47% and a net margin of 13.74%. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis 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 currently 9.76%.
Insider Buying and Selling
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction dated 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 sale, the insider now owns 77,383 shares in the company, valued at $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 is available through this link. 2.50% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research analysts recently commented on HLT shares. Raymond James raised their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Barclays boosted their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Mizuho reiterated a "neutral" rating and issued a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Wells Fargo & Company raised their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group upped their price target on Hilton Worldwide from $237.00 to $277.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Twelve 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 MarketBeat.com, Hilton Worldwide has a consensus rating of "Hold" and a consensus price target of $250.61.
Read Our Latest Report on Hilton Worldwide
About Hilton Worldwide
(
Free Report)
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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