South Street Advisors LLC Trims Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

South Street Advisors LLC cut its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,989 shares of the company's stock after selling 2,065 shares during the quarter. Hilton Worldwide makes up approximately 3.5% of South Street Advisors LLC's portfolio, making the stock its 9th largest holding. South Street Advisors LLC's holdings in Hilton Worldwide were worth $22,736,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Haven Capital Group Inc. bought a new position in Hilton Worldwide during the fourth quarter valued at approximately $3,143,000. Signaturefd LLC boosted its stake in shares of Hilton Worldwide by 1.6% during the fourth quarter. Signaturefd LLC now owns 8,083 shares of the company's stock valued at $1,998,000 after purchasing an additional 127 shares during the period. Pitti Group Wealth Management LLC purchased a new stake in shares of Hilton Worldwide during the fourth quarter valued at approximately $209,000. Parallel Advisors LLC boosted its stake in shares of Hilton Worldwide by 5.6% during the fourth quarter. Parallel Advisors LLC now owns 3,206 shares of the company's stock valued at $792,000 after purchasing an additional 171 shares during the period. Finally, GLOBALT Investments LLC GA boosted its stake in shares of Hilton Worldwide by 2.6% during the fourth quarter. GLOBALT Investments LLC GA now owns 3,590 shares of the company's stock valued at $887,000 after purchasing an additional 91 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, insider Christopher J. Nassetta sold 40,653 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company's stock.

Hilton Worldwide Trading Down 1.3 %

Shares of HLT traded down $3.13 during trading hours on Friday, reaching $228.78. 4,380,558 shares of the stock traded hands, compared to its average volume of 1,524,625. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22. The company's 50-day moving average price is $252.22 and its two-hundred day moving average price is $244.08. The company has a market cap of $55.04 billion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its 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 54.47%. On average, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide's payout ratio is currently 9.76%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HLT shares. Mizuho reissued a "neutral" rating and set a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Susquehanna raised their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Wells Fargo & Company raised their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Raymond James raised their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, Barclays raised their price target on Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $254.53.

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.