Vinva Investment Management Ltd Trims Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Vinva Investment Management Ltd lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 63.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,136 shares of the company’s stock after selling 3,738 shares during the quarter. Vinva Investment Management Ltd’s holdings in Hilton Worldwide were worth $530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Noble Wealth Management PBC purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at about $27,000. VSM Wealth Advisory LLC purchased a new stake in Hilton Worldwide in the fourth quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Hilton Worldwide in the fourth quarter worth about $34,000. Groupama Asset Managment grew its holdings in Hilton Worldwide by 37.8% in the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after purchasing an additional 4,118 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in Hilton Worldwide in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HLT. The Goldman Sachs Group upped their price objective on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Susquehanna upped their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Raymond James upped their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Mizuho reiterated a “neutral” rating and issued a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Hold” and a consensus price target of $254.53.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the firm’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 completion of the transaction, the insider now directly owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by corporate insiders.

Hilton Worldwide Price Performance

Shares of NYSE HLT opened at $228.78 on Friday. The firm has a fifty day moving average price of $252.22 and a 200-day moving average price of $244.08. 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 Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. On average, research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

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 paid a $0.15 dividend. The ex-dividend date is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. 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.