Stevens Capital Management LP Takes Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Stevens Capital Management LP bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, Holdings Channel.com reports. The fund bought 1,957 shares of the company’s stock, valued at approximately $484,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC increased its position in Hilton Worldwide by 36.8% during the 4th quarter. LPL Financial LLC now owns 120,936 shares of the company’s stock valued at $29,891,000 after purchasing an additional 32,522 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Hilton Worldwide during the 4th quarter valued at approximately $27,771,000. Sei Investments Co. increased its position in Hilton Worldwide by 18.0% during the 4th quarter. Sei Investments Co. now owns 372,551 shares of the company’s stock valued at $92,079,000 after purchasing an additional 56,866 shares during the period. American Century Companies Inc. increased its position in Hilton Worldwide by 20.0% during the 4th quarter. American Century Companies Inc. now owns 1,004,664 shares of the company’s stock valued at $248,313,000 after purchasing an additional 167,711 shares during the period. Finally, Mizuho Securities USA LLC increased its position in Hilton Worldwide by 44.6% during the 4th quarter. Mizuho Securities USA LLC now owns 23,105 shares of the company’s stock valued at $5,711,000 after purchasing an additional 7,126 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

HLT has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Truist Financial reduced their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a research report on Friday. The Goldman Sachs Group raised their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Barclays raised their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $254.53.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Down 1.3 %

Shares of NYSE:HLT opened at $228.78 on Monday. The stock’s fifty day simple moving average is $252.22 and its two-hundred day simple moving average is $244.49. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22. The stock has a market cap of $55.04 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.

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

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 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.