Robertson Stephens Wealth Management LLC Cuts Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Robertson Stephens Wealth Management LLC decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,509 shares of the company's stock after selling 1,668 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Hilton Worldwide were worth $1,114,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HLT. GHP Investment Advisors Inc. purchased a new stake in shares of Hilton Worldwide in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at $34,000. Groupama Asset Managment raised its stake in shares of Hilton Worldwide by 37.8% in the third quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock valued at $35,000 after acquiring an additional 4,118 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Hilton Worldwide in the third quarter valued at $38,000. Finally, True Wealth Design LLC raised its stake 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 during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insider Activity at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $251.66, for a total value of $5,880,287.56. Following the completion of the transaction, the insider now directly owns 22,833 shares of the company's stock, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher J. Nassetta sold 40,653 shares of the firm's 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 transaction, the insider now directly owns 77,383 shares of the company's stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Trading Down 0.6 %

Shares of NYSE:HLT traded down $1.62 during trading on Monday, reaching $268.07. The stock had a trading volume of 727,750 shares, compared to its average volume of 1,459,944. Hilton Worldwide Holdings Inc. has a one year low of $186.83 and a one year high of $274.18. The company has a market capitalization of $65.35 billion, a P/E ratio of 43.55, a PEG ratio of 2.85 and a beta of 1.29. The firm's 50-day simple moving average is $250.63 and its 200 day simple moving average is $236.10.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results 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 net margin of 13.74% and a negative return on equity of 57.01%. Equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.76 earnings per share for the current fiscal year.

Hilton Worldwide declared that its board has initiated a share repurchase program on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide's dividend payout ratio is currently 9.76%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Melius downgraded shares of Hilton Worldwide from a "buy" rating to a "hold" rating in a research note on Monday, October 21st. Evercore ISI upped their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the stock an "in-line" rating in a report on Monday, October 21st. Bank of America upped their price target on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Jefferies Financial Group upped their price target 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. Finally, Mizuho restated a "neutral" rating and issued a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide presently has an average rating of "Hold" and an average target price of $246.61.

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.