Groupama Asset Managment Sells 2,144 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Groupama Asset Managment decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,881 shares of the company’s stock after selling 2,144 shares during the quarter. Groupama Asset Managment’s holdings in Hilton Worldwide were worth $3,197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HLT. Noble Wealth Management PBC bought a new position in shares of Hilton Worldwide in the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Hilton Worldwide during the 4th quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at $34,000. Sierra Ocean LLC purchased a new stake in shares of Hilton Worldwide in the 4th quarter worth $36,000. Finally, Hopwood Financial Services Inc. bought a new position in Hilton Worldwide in the 4th quarter worth $41,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock opened at $227.21 on Wednesday. The stock has a market cap of $54.44 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The stock has a 50 day moving average price of $250.15 and a 200-day moving average price of $245.30. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping 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%. Sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Friday, February 21st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.76%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on HLT shares. Morgan Stanley upped their price target on Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Raymond James upped their price target on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Jefferies Financial Group raised their price objective on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company increased their price target on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Susquehanna boosted their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $254.53.

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.