Parnassus Investments LLC Cuts Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Parnassus Investments LLC lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 269,769 shares of the company's stock after selling 11,752 shares during the quarter. Parnassus Investments LLC owned about 0.11% of Hilton Worldwide worth $66,676,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HLT. Palumbo Wealth Management LLC lifted its position in Hilton Worldwide by 2.0% in the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock valued at $528,000 after acquiring an additional 41 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its position in shares of Hilton Worldwide by 2.1% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,029 shares of the company's stock valued at $468,000 after purchasing an additional 42 shares during the period. Concurrent Investment Advisors LLC grew its stake in Hilton Worldwide by 1.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock worth $799,000 after buying an additional 43 shares during the last quarter. Versant Capital Management Inc increased its position in Hilton Worldwide by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company's stock worth $92,000 after buying an additional 48 shares during the period. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Hilton Worldwide by 2.8% in the fourth quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock valued at $444,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

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Hilton Worldwide Price Performance

NYSE:HLT traded down $7.79 during mid-day trading on Tuesday, reaching $226.86. The company's stock had a trading volume of 1,693,742 shares, compared to its average volume of 1,515,827. The stock has a market cap of $54.58 billion, a P/E ratio of 36.89, a P/E/G ratio of 2.86 and a beta of 1.29. The company's fifty day simple moving average is $253.19 and its two-hundred day simple moving average is $244.13. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.15 per share. 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 9.76%.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company's 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 directly owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.50% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on HLT. Raymond James lifted their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Barclays boosted their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Susquehanna lifted their price target on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Morgan Stanley raised their target price on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Finally, Jefferies Financial Group upped their price target on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a "hold" rating in a report on Thursday, January 2nd. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hilton Worldwide has a consensus rating of "Hold" and an average price target of $250.61.

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.