Pictet Asset Management Holding SA Reduces Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Pictet Asset Management Holding SA cut its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 784,298 shares of the company's stock after selling 85,913 shares during the period. Pictet Asset Management Holding SA owned approximately 0.32% of Hilton Worldwide worth $193,847,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at $34,000. Groupama Asset Managment grew its holdings in Hilton Worldwide by 37.8% during the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock valued at $35,000 after buying an additional 4,118 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Hilton Worldwide during the fourth quarter worth $36,000. 95.90% of the stock is currently owned by institutional investors.

Insider Activity at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction on Friday, February 7th. The shares were 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 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 SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

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Hilton Worldwide Stock Performance

NYSE:HLT traded up $2.70 during trading hours on Wednesday, reaching $229.98. The company's stock had a trading volume of 609,502 shares, compared to its average volume of 1,819,561. The company has a market capitalization of $55.11 billion, a P/E ratio of 37.39, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The stock has a 50 day moving average price of $250.15 and a two-hundred day moving average price of $245.30. Hilton Worldwide Holdings Inc. has a 12 month low of $193.86 and a 12 month high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.76 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, 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 announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were paid a dividend of $0.15 per share. The ex-dividend date was 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%.

Analyst Ratings Changes

A number of research firms recently weighed in on HLT. Raymond James raised their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Truist Financial dropped their price target on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Barclays boosted their target price on Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Susquehanna increased their price target on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Finally, Morgan Stanley upped their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $254.53.

About Hilton Worldwide

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.