Thrivent Financial for Lutherans Lowers Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Thrivent Financial for Lutherans reduced its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 48.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 116,006 shares of the company's stock after selling 107,842 shares during the period. Thrivent Financial for Lutherans' holdings in Hilton Worldwide were worth $28,672,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Noble Wealth Management PBC bought a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Hilton Worldwide in the 4th quarter worth $34,000. Groupama Asset Managment grew its position in shares of Hilton Worldwide by 37.8% during the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock worth $35,000 after buying an additional 4,118 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at $36,000. Finally, True Wealth Design LLC raised its holdings in shares of Hilton Worldwide by 2,400.0% in the third quarter. True Wealth Design LLC now owns 175 shares of the company's stock valued at $40,000 after acquiring an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Trading Up 0.9 %

Shares of NYSE:HLT traded up $2.13 on Tuesday, hitting $234.69. 1,882,893 shares of the company were exchanged, compared to its average volume of 1,528,708. The stock's 50 day moving average price is $252.04 and its 200 day moving average price is $244.61. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22. The firm has a market capitalization of $56.47 billion, a P/E ratio of 38.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.

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Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data 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%. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS 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. Stockholders of record on Friday, February 21st will be paid a $0.15 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Hilton Worldwide's payout ratio is currently 9.76%.

Analysts Set New Price Targets

A number of research analysts have commented on HLT shares. Jefferies Financial Group raised their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Barclays lifted their price objective 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. Mizuho restated a "neutral" rating and set a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Morgan Stanley lifted their price target on Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Finally, Macquarie upped their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $254.53.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction that occurred 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 in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Hilton Worldwide Company 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.