Sumitomo Mitsui Trust Holdings Inc. Sells 7,182 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 626,785 shares of the company’s stock after selling 7,182 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.24% of Hilton Worldwide worth $114,131,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Savoir Faire Capital Management L.P. bought a new position in shares of Hilton Worldwide during the third quarter worth approximately $4,270,000. International Assets Investment Management LLC increased its stake in Hilton Worldwide by 19,454.9% in the fourth quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock valued at $53,981,000 after acquiring an additional 294,937 shares during the last quarter. Nordea Investment Management AB increased its stake in Hilton Worldwide by 6.3% in the fourth quarter. Nordea Investment Management AB now owns 1,674,212 shares of the company’s stock valued at $305,159,000 after acquiring an additional 98,790 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in Hilton Worldwide by 4.4% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 16,370 shares of the company’s stock valued at $2,981,000 after acquiring an additional 694 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Hilton Worldwide in the third quarter valued at approximately $1,276,000. 95.90% of the stock is owned by institutional investors.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT opened at $202.47 on Wednesday. The firm has a market cap of $50.89 billion, a PE ratio of 46.76, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 52 week low of $134.43 and a 52 week high of $215.79. The firm’s fifty day moving average is $204.91 and its 200-day moving average is $182.50.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.11. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. Hilton Worldwide’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 earnings per share. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.06 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.30%. The ex-dividend date was Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HLT shares. Truist Financial reissued a “hold” rating and issued a $199.00 price objective on shares of Hilton Worldwide in a research note on Wednesday, March 20th. Wells Fargo & Company lifted their price objective on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 20th. Bank of America raised their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, March 15th. HSBC raised their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Finally, Evercore ISI raised their target price on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research report on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $201.28.

Hilton Worldwide 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.