Renasant Bank Cuts Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Renasant Bank reduced its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 53.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,668 shares of the company's stock after selling 1,948 shares during the quarter. Renasant Bank's holdings in Hilton Worldwide were worth $412,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of HLT. Noble Wealth Management PBC bought a new position in Hilton Worldwide during the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Hilton Worldwide during the fourth quarter worth $34,000. Groupama Asset Managment boosted its stake in Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock worth $35,000 after acquiring an additional 4,118 shares in the last quarter. Sierra Ocean LLC bought a new position in Hilton Worldwide during the fourth quarter worth $36,000. Finally, Ashton Thomas Securities LLC bought a new position in Hilton Worldwide during the third quarter worth $38,000. 95.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. The Goldman Sachs Group upped their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Morgan Stanley upped their price objective on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Macquarie upped their price objective on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, Jefferies Financial Group upped their price objective 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $250.61.

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Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the business'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 transaction of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Price Performance

Shares of HLT traded down $7.79 during trading hours on Tuesday, hitting $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 company has a market cap of $54.58 billion, a price-to-earnings ratio of 36.89, a PEG ratio of 2.86 and a beta of 1.29. The business has a 50 day simple moving average of $253.19 and a two-hundred day simple moving average of $244.13. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share 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%. Research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

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