Corient Private Wealth LLC Sells 4,472 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Corient Private Wealth LLC trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 688,596 shares of the company's stock after selling 4,472 shares during the period. Corient Private Wealth LLC owned 0.28% of Hilton Worldwide worth $170,194,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Noble Wealth Management PBC bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at $34,000. Sierra Ocean LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at $36,000. Hopwood Financial Services Inc. bought a new stake in Hilton Worldwide in the 4th quarter valued at $41,000. Finally, True Wealth Design LLC increased its holdings in Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company's stock valued at $40,000 after acquiring an additional 168 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the insider now 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 is accessible through this link. 2.50% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Macquarie lifted their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Barclays lifted their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Susquehanna lifted their price target on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Mizuho reiterated a "neutral" rating and issued a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Finally, Jefferies Financial Group boosted their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Hilton Worldwide currently has an average rating of "Hold" and an average target price of $250.61.

Hilton Worldwide Stock Down 0.5 %

NYSE:HLT traded down $1.20 during mid-day trading on Thursday, hitting $231.75. 1,413,158 shares of the stock traded hands, compared to its average volume of 1,513,351. The stock has a market capitalization of $55.76 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 52 week low of $193.86 and a 52 week high of $275.22. The firm's 50 day moving average is $252.69 and its two-hundred day moving average is $244.11.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released 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 net margin of 13.74% and a negative return on equity of 54.47%. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given a $0.15 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.26%. 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.