Cbre Investment Management Listed Real Assets LLC Sells 18,446 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Cbre Investment Management Listed Real Assets LLC lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 42.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,520 shares of the company's stock after selling 18,446 shares during the quarter. Cbre Investment Management Listed Real Assets LLC's holdings in Hilton Worldwide were worth $6,308,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hilton Worldwide during the 3rd quarter worth approximately $765,000. Franklin Resources Inc. grew its position in shares of Hilton Worldwide by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock worth $1,012,069,000 after buying an additional 121,900 shares during the period. Fiduciary Alliance LLC acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $1,246,000. Ashton Thomas Securities LLC acquired a new stake in shares of Hilton Worldwide during the 3rd quarter worth approximately $38,000. Finally, Dale Q Rice Investment Management Ltd acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $593,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HLT shares. Mizuho reaffirmed a "neutral" rating and set a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Susquehanna increased their target price on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Wells Fargo & Company increased their target price on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group raised their price objective on Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. 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, Hilton Worldwide presently has an average rating of "Hold" and a consensus target price of $250.61.

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Hilton Worldwide Stock Down 1.5 %

HLT traded down $3.77 during trading hours on Friday, hitting $247.35. The stock had a trading volume of 2,219,291 shares, compared to its average volume of 1,522,541. The company's fifty day simple moving average is $255.04 and its 200 day simple moving average is $243.14. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The stock has a market cap of $59.51 billion, a PE ratio of 40.22, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.

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, beating analysts' consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. As a group, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide's payout ratio is presently 9.76%.

Hilton Worldwide announced that its Board of Directors has initiated a share buyback plan on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide 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 completion of the sale, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael W. Duffy sold 23,366 shares of Hilton Worldwide stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the sale, the insider now owns 22,833 shares of the company's stock, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their position. The disclosure for this sale can be found here. 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.