Ensign Peak Advisors Inc Sells 5,622 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Ensign Peak Advisors Inc trimmed its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.3% during the fourth quarter, Holdings Channel reports. The fund owned 83,311 shares of the company’s stock after selling 5,622 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Hilton Worldwide were worth $20,591,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Jones Financial Companies Lllp increased its position in shares of Hilton Worldwide by 194.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock valued at $651,000 after purchasing an additional 1,740 shares during the period. Amundi grew its holdings in shares of Hilton Worldwide by 24.2% during the fourth quarter. Amundi now owns 953,938 shares of the company’s stock worth $232,098,000 after purchasing an additional 185,765 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hilton Worldwide by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock worth $55,774,000 after purchasing an additional 4,846 shares during the last quarter. Fiduciary Alliance LLC bought a new stake in shares of Hilton Worldwide during the fourth quarter worth $1,246,000. Finally, SVB Wealth LLC bought a new stake in shares of Hilton Worldwide during the fourth quarter worth $1,138,000. 95.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HLT shares. Barclays decreased their target price on Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Truist Financial decreased their target price on Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. Robert W. Baird increased their target price on Hilton Worldwide from $242.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Macquarie decreased their target price on Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Finally, Susquehanna upped their price target on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and a consensus price target of $241.31.

Hilton Worldwide Stock Performance

NYSE HLT opened at $243.18 on Monday. The stock has a 50-day simple moving average of $225.49 and a 200 day simple moving average of $242.70. The company has a market capitalization of $57.80 billion, a PE ratio of 39.54, a P/E/G ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 12 month low of $194.93 and a 12 month high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.53 earnings per share. As a group, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

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.