Intech Investment Management LLC Sells 19,600 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Intech Investment Management LLC cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 88.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,579 shares of the company’s stock after selling 19,600 shares during the period. Intech Investment Management LLC’s holdings in Hilton Worldwide were worth $637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Noble Wealth Management PBC purchased a new stake in Hilton Worldwide during the fourth quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $34,000. Sierra Ocean LLC bought a new position in shares of Hilton Worldwide in the 4th quarter worth approximately $36,000. Hopwood Financial Services Inc. purchased a new position in shares of Hilton Worldwide in the fourth quarter worth approximately $41,000. Finally, True Wealth Design LLC grew its position in Hilton Worldwide by 2,400.0% during the third quarter. True Wealth Design LLC now owns 175 shares of the company’s stock valued at $40,000 after buying an additional 168 shares during the period. 95.90% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

HLT opened at $228.78 on Monday. The stock has a market capitalization of $55.04 billion, a price-to-earnings ratio of 37.20, a PEG ratio of 2.86 and a beta of 1.29. The company has a fifty day moving average of $252.22 and a 200 day moving average of $244.49. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22.

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 analysts’ consensus estimates 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, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.76%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Truist Financial cut their price target on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a report on Friday. Mizuho restated a “neutral” rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Macquarie lifted their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, Raymond James increased their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $254.53.

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.