Commerce Bank Sells 3,860 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Commerce Bank reduced its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,044 shares of the company’s stock after selling 3,860 shares during the quarter. Commerce Bank’s holdings in Hilton Worldwide were worth $10,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HLT. Principal Financial Group Inc. boosted its stake in Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after buying an additional 1,429,537 shares during the period. JPMorgan Chase & Co. increased its position in shares of Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock worth $1,952,314,000 after purchasing an additional 919,424 shares during the last quarter. Capital International Investors lifted its position in Hilton Worldwide by 2.0% during the fourth quarter. Capital International Investors now owns 7,225,495 shares of the company’s stock valued at $1,786,151,000 after purchasing an additional 142,620 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Hilton Worldwide by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company’s stock worth $1,456,893,000 after buying an additional 67,292 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Hilton Worldwide by 7.8% during the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company’s stock worth $1,090,346,000 after acquiring an additional 320,550 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HLT shares. Wells Fargo & Company upped their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Morgan Stanley boosted their price objective on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Macquarie increased their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Truist Financial decreased their target price on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Finally, Raymond James upped their price target on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $248.88.

Hilton Worldwide Stock Performance

HLT opened at $210.43 on Friday. The stock has a market capitalization of $50.42 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. The stock’s 50 day moving average price is $236.33 and its 200-day moving average price is $243.38. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.29%. 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.