Sterling Capital Management LLC Decreases Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sterling Capital Management LLC cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 24.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,781 shares of the company's stock after selling 17,697 shares during the quarter. Sterling Capital Management LLC's holdings in Hilton Worldwide were worth $13,293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HLT. Noble Wealth Management PBC acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC bought a new stake in Hilton Worldwide in the 4th quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Hilton Worldwide during the 4th quarter worth approximately $34,000. Sierra Ocean LLC bought a new position in Hilton Worldwide in the fourth quarter worth approximately $36,000. Finally, Hopwood Financial Services Inc. acquired a new stake in Hilton Worldwide in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by company insiders.

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Hilton Worldwide Stock Down 1.0 %

Hilton Worldwide stock traded down $2.05 during midday trading on Wednesday, reaching $209.27. The stock had a trading volume of 1,000,054 shares, compared to its average volume of 1,718,286. The firm has a market capitalization of $50.14 billion, a PE ratio of 34.03, a P/E/G ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 12 month low of $193.86 and a 12 month high of $275.22. The firm's 50-day moving average price is $239.84 and its 200 day moving average price is $243.89.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted 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 negative return on equity of 54.47% and a net margin of 13.74%. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were issued a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. Hilton Worldwide's payout ratio is currently 9.76%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Truist Financial cut their target price on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group decreased their target price on shares of Hilton Worldwide from $277.00 to $228.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Raymond James lifted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Susquehanna upped 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, Mizuho reaffirmed a "neutral" rating and set a $263.00 price objective (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 six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $248.88.

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.