Hilton Worldwide Holdings Inc. (NYSE:HLT) Position Cut by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 760,071 shares of the company's stock after selling 98,464 shares during the quarter. Victory Capital Management Inc. owned 0.31% of Hilton Worldwide worth $187,859,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Noble Wealth Management PBC purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at approximately $34,000. Groupama Asset Managment boosted 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 buying an additional 4,118 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at approximately $36,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Hilton Worldwide in the third quarter valued at approximately $38,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 23,366 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the transaction, the insider now owns 22,833 shares in the company, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christopher J. Nassetta sold 40,653 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. 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. Macquarie lifted their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Jefferies Financial Group lifted their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Susquehanna lifted their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $250.61.

Hilton Worldwide Price Performance

HLT stock traded down $3.77 during trading on Friday, reaching $247.35. 2,219,291 shares of the stock traded hands, compared to its average volume of 1,522,541. The business's 50 day moving average price is $255.04 and its 200-day moving average price is $243.14. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22. The firm has a market capitalization of $59.51 billion, a PE ratio of 40.22, a P/E/G ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued 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 negative return on equity of 54.47% and a net margin of 13.74%. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 14th that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the company to buy up to 5.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide's payout ratio is 9.76%.

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.