Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 26.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,416 shares of the company’s stock after selling 1,223 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Hilton Worldwide were worth $844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Noble Wealth Management PBC acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC acquired a new position in Hilton Worldwide during the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Hilton Worldwide during the fourth quarter worth approximately $34,000. Sierra Ocean LLC acquired a new stake in shares of Hilton Worldwide in the fourth quarter worth $36,000. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

HLT has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Raymond James increased their target price on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Macquarie boosted their price target on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Jefferies Financial Group increased 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. Finally, Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and an average target price of $254.53.

Hilton Worldwide Stock Down 1.2 %

Shares of Hilton Worldwide stock opened at $232.10 on Friday. The business has a 50-day moving average price of $251.36 and a 200 day moving average price of $244.61. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22. The firm has a market cap of $55.84 billion, a P/E ratio of 37.74, a P/E/G ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 40,653 shares of the company’s 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 completion of the transaction, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by company insiders.

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.