Kestra Private Wealth Services LLC Reduces Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Kestra Private Wealth Services LLC lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 7.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,546 shares of the company’s stock after selling 546 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Hilton Worldwide were worth $1,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HLT. 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 purchasing an additional 1,680,156 shares in the last quarter. Artemis Investment Management LLP purchased a new position in Hilton Worldwide during the fourth quarter worth about $64,221,000. International Assets Investment Management LLC increased its stake in Hilton Worldwide by 19,454.9% in the 4th quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock worth $53,981,000 after acquiring an additional 294,937 shares during the last quarter. Darsana Capital Partners LP boosted its position in shares of Hilton Worldwide by 14.3% during the 3rd quarter. Darsana Capital Partners LP now owns 2,000,000 shares of the company’s stock valued at $300,360,000 after acquiring an additional 250,000 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Hilton Worldwide by 44.4% in the third quarter. Barclays PLC now owns 762,082 shares of the company’s stock worth $114,447,000 after purchasing an additional 234,365 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Stock Up 0.0 %

Shares of HLT stock opened at $197.54 on Friday. The stock has a fifty day moving average of $205.76 and a 200 day moving average of $186.10. The firm has a market capitalization of $49.39 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 1.73 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a 52 week low of $134.43 and a 52 week high of $215.79.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the company posted $1.24 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.08 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, May 16th. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the transaction, the insider now owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on HLT. Bank of America boosted their price target on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. BMO Capital Markets raised their price target on Hilton Worldwide from $203.00 to $215.00 and gave the company a “market perform” rating in a research report on Wednesday, March 20th. TD Cowen upped their price objective on Hilton Worldwide from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Robert W. Baird raised their price objective on Hilton Worldwide from $212.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, Barclays upped their target price on Hilton Worldwide from $216.00 to $219.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.59.

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.