Groupama Asset Managment Sells 2,144 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Groupama Asset Managment cut its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,881 shares of the company's stock after selling 2,144 shares during the quarter. Groupama Asset Managment's holdings in Hilton Worldwide were worth $3,197,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Hilton Worldwide during the third quarter worth $765,000. Jones Financial Companies Lllp grew its position in shares of Hilton Worldwide by 194.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock valued at $651,000 after buying an additional 1,740 shares during the last quarter. Amundi boosted its position in Hilton Worldwide by 24.2% during the 4th quarter. Amundi now owns 953,938 shares of the company's stock valued at $232,098,000 after purchasing an additional 185,765 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Hilton Worldwide by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock valued at $55,774,000 after acquiring an additional 4,846 shares during the period. Finally, Franklin Resources Inc. grew its position in Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock worth $1,012,069,000 after purchasing an additional 121,900 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of research firms have recently commented on HLT. JPMorgan Chase & Co. boosted their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Macquarie lifted their price target on Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Susquehanna increased their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Mizuho reiterated a "neutral" rating and set a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Finally, Truist Financial decreased their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a report on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $254.53.

Hilton Worldwide Stock Performance

Shares of HLT stock traded down $14.03 during trading on Thursday, hitting $217.35. The company had a trading volume of 4,213,269 shares, compared to its average volume of 1,627,579. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22. The firm has a market capitalization of $52.08 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. The stock's 50-day moving average price is $249.17 and its 200 day moving average price is $245.02.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. Hilton Worldwide's payout ratio is currently 9.76%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the 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. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.50% of the company's stock.

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.