Bessemer Group Inc. Sells 14,452 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Bessemer Group Inc. decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,186,332 shares of the company's stock after selling 14,452 shares during the period. Bessemer Group Inc. owned approximately 0.49% of Hilton Worldwide worth $293,214,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. APG Asset Management N.V. boosted its position in shares of Hilton Worldwide by 116.5% during the 4th quarter. APG Asset Management N.V. now owns 92,239 shares of the company's stock valued at $22,016,000 after purchasing an additional 49,643 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Hilton Worldwide by 5.1% in the 4th quarter. Advisory Services Network LLC now owns 2,553 shares of the company's stock valued at $631,000 after acquiring an additional 124 shares in the last quarter. Abacus FCF Advisors LLC lifted its position in shares of Hilton Worldwide by 71.4% during the 4th quarter. Abacus FCF Advisors LLC now owns 29,346 shares of the company's stock valued at $7,253,000 after acquiring an additional 12,221 shares during the period. Renaissance Technologies LLC grew its holdings in Hilton Worldwide by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 182,400 shares of the company's stock worth $45,082,000 after purchasing an additional 11,300 shares during the period. Finally, Bank of Nova Scotia increased its stake in Hilton Worldwide by 188.6% in the fourth quarter. Bank of Nova Scotia now owns 91,529 shares of the company's stock valued at $22,622,000 after purchasing an additional 59,818 shares in the last quarter. Institutional investors own 95.90% of the company's stock.

Remove Ads

Hilton Worldwide Stock Performance

HLT traded down $3.68 on Monday, reaching $208.73. The company had a trading volume of 1,489,345 shares, compared to its average volume of 1,710,058. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22. The company has a market cap of $50.01 billion, a price-to-earnings ratio of 33.94, a P/E/G ratio of 2.86 and a beta of 1.19. The business has a 50 day simple moving average of $241.96 and a 200 day simple moving average of $244.28.

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, 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%. As a group, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Friday, February 21st. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.76%.

Analyst Ratings Changes

HLT has been the subject of several research reports. Wells Fargo & Company raised their target price on Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Barclays raised their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Raymond James upped their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Jefferies Financial Group lowered their target price on Hilton Worldwide from $277.00 to $228.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Morgan Stanley increased their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $248.88.

Insider Transactions 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 value of $10,928,745.99. Following the transaction, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.