Hilton Worldwide Holdings Inc. (NYSE:HLT) Stake Cut by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 27.3% in the 4th quarter, Holdings Channel reports. The fund owned 51,213 shares of the company’s stock after selling 19,269 shares during the period. Handelsbanken Fonder AB’s holdings in Hilton Worldwide were worth $9,325,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Deutsche Bank AG lifted its stake in Hilton Worldwide by 181.1% in the 3rd quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock worth $391,640,000 after acquiring an additional 1,680,156 shares in the last quarter. Northern Trust Corp lifted its stake in Hilton Worldwide by 1.9% in the 3rd quarter. Northern Trust Corp now owns 2,466,740 shares of the company’s stock worth $370,455,000 after acquiring an additional 46,197 shares in the last quarter. Darsana Capital Partners LP increased its position in Hilton Worldwide by 14.3% in the 3rd quarter. Darsana Capital Partners LP now owns 2,000,000 shares of the company’s stock worth $300,360,000 after purchasing an additional 250,000 shares during the last quarter. TD Asset Management Inc increased its position in Hilton Worldwide by 2.4% in the 3rd quarter. TD Asset Management Inc now owns 1,785,911 shares of the company’s stock worth $268,208,000 after purchasing an additional 41,165 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Hilton Worldwide by 6.3% in the 4th quarter. Nordea Investment Management AB now owns 1,674,212 shares of the company’s stock worth $305,159,000 after purchasing an additional 98,790 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HLT. TD Cowen upped their target price on Hilton Worldwide from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Barclays upped their target price on Hilton Worldwide from $204.00 to $216.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Jefferies Financial Group upped their target price on Hilton Worldwide from $157.00 to $182.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. BMO Capital Markets increased their price objective on Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a report on Wednesday, March 20th. Finally, Wells Fargo & Company increased their price objective on Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $201.78.

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 stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the transaction, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

Hilton Worldwide stock opened at $204.70 on Thursday. The company has a market capitalization of $51.45 billion, a PE ratio of 47.27, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a one year low of $134.43 and a one year high of $215.79. The business has a 50 day simple moving average of $205.55 and a 200 day simple moving average of $184.32.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate 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 revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $1.59 EPS. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

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.