Vinva Investment Management Ltd Sells 3,738 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Vinva Investment Management Ltd lowered its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 63.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,136 shares of the company's stock after selling 3,738 shares during the period. Vinva Investment Management Ltd's holdings in Hilton Worldwide were worth $530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC boosted its position in Hilton Worldwide by 2.1% during the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company's stock worth $2,585,148,000 after acquiring an additional 226,223 shares during the period. Principal Financial Group Inc. lifted its position in shares of Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after purchasing an additional 1,429,537 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Hilton Worldwide by 3.1% during the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock worth $1,012,069,000 after purchasing an additional 121,900 shares during the period. Jennison Associates LLC grew its position in Hilton Worldwide by 5.1% during the fourth quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock valued at $840,164,000 after purchasing an additional 164,461 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Hilton Worldwide by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,597,137 shares of the company's stock valued at $394,748,000 after buying an additional 39,786 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Remove Ads

Insider Activity at Hilton Worldwide

In other Hilton Worldwide 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Morgan Stanley boosted their target price on Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Mizuho reaffirmed a "neutral" rating and set a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Macquarie boosted their price target on Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $254.53.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT traded up $2.13 during midday trading on Tuesday, hitting $234.69. The company's stock had a trading volume of 1,882,893 shares, compared to its average volume of 1,531,393. The stock has a market capitalization of $56.47 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.86 and a beta of 1.29. The stock's 50 day simple moving average is $251.84 and its 200 day simple moving average is $244.76. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22.

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 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%. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm 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 dividend of $0.15 per share. The ex-dividend date is Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide's dividend payout ratio (DPR) is currently 9.76%.

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.