Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 9.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 41,877 shares of the company’s stock after selling 4,515 shares during the period. Federated Hermes Inc.’s holdings in Hilton Worldwide were worth $7,625,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Drive Wealth Management LLC increased its stake in shares of Hilton Worldwide by 4.9% in the fourth quarter. Drive Wealth Management LLC now owns 1,399 shares of the company’s stock worth $255,000 after acquiring an additional 65 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Hilton Worldwide by 2.3% in the fourth quarter. Raymond James Trust N.A. now owns 3,165 shares of the company’s stock worth $576,000 after acquiring an additional 71 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in shares of Hilton Worldwide by 0.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 15,676 shares of the company’s stock worth $2,354,000 after acquiring an additional 92 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of Hilton Worldwide by 6.4% in the fourth quarter. DAVENPORT & Co LLC now owns 1,575 shares of the company’s stock worth $287,000 after acquiring an additional 95 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in Hilton Worldwide by 21.5% in the third quarter. Allworth Financial LP now owns 542 shares of the company’s stock worth $81,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Trading Up 3.9 %

HLT opened at $204.70 on Thursday. The stock has a market cap of $51.45 billion, a PE ratio of 47.27, a P/E/G ratio of 1.72 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 1 year low of $134.43 and a 1 year high of $215.79. The stock’s 50 day simple moving average is $205.55 and its 200-day simple moving average is $184.32.

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

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 23rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.29%. The ex-dividend date was Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio is 13.86%.

Wall Street Analysts Forecast Growth

HLT has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 20th. UBS Group upped their price objective on shares of Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Barclays upped their price objective on shares of Hilton Worldwide from $204.00 to $216.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Truist Financial reiterated a “hold” rating and issued a $199.00 price objective on shares of Hilton Worldwide in a report on Wednesday, March 20th. Finally, BMO Capital Markets upped their price objective on shares of Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a report on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $201.78.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the sale, the insider now owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is owned by insiders.

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.