Clio Asset Management LLC Sells 1,005 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Clio Asset Management LLC lowered its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 29,859 shares of the company’s stock after selling 1,005 shares during the period. Hilton Worldwide accounts for approximately 4.4% of Clio Asset Management LLC’s holdings, making the stock its 10th largest position. Clio Asset Management LLC’s holdings in Hilton Worldwide were worth $5,437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Savoir Faire Capital Management L.P. bought a new stake in shares of Hilton Worldwide in the third quarter valued at approximately $4,270,000. Nordea Investment Management AB raised its position in shares of Hilton Worldwide by 6.3% in the 4th quarter. Nordea Investment Management AB now owns 1,674,212 shares of the company’s stock valued at $305,159,000 after buying an additional 98,790 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Hilton Worldwide during the 3rd quarter worth approximately $1,276,000. Hudson Bay Capital Management LP boosted its position in shares of Hilton Worldwide by 116.5% during the 3rd quarter. Hudson Bay Capital Management LP now owns 82,350 shares of the company’s stock worth $12,367,000 after acquiring an additional 44,316 shares in the last quarter. Finally, Aigen Investment Management LP boosted its holdings in shares of Hilton Worldwide by 81.6% in the 3rd quarter. Aigen Investment Management LP now owns 8,863 shares of the company’s stock valued at $1,331,000 after purchasing an additional 3,982 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Insider Transactions at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.40% of the company’s stock.

Hilton Worldwide Stock Performance

Hilton Worldwide stock traded down $1.03 during mid-day trading on Friday, reaching $213.31. The stock had a trading volume of 1,247,482 shares, compared to its average volume of 1,369,578. Hilton Worldwide Holdings Inc. has a fifty-two week low of $133.76 and a fifty-two week high of $215.79. The stock’s 50-day simple moving average is $200.78 and its 200-day simple moving average is $177.27. The firm has a market capitalization of $53.79 billion, a PE ratio of 49.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.25.

Hilton Worldwide (NYSE:HLTGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the business posted $1.59 EPS. Hilton Worldwide’s quarterly revenue was up 6.8% on a year-over-year basis. On average, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio is currently 13.86%.

Analyst Upgrades and Downgrades

HLT has been the topic of a number of research reports. Barclays boosted their target price on shares of Hilton Worldwide from $200.00 to $204.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Evercore ISI boosted their price objective on Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research report on Wednesday, March 20th. Robert W. Baird increased their target price on Hilton Worldwide from $210.00 to $212.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Mizuho started coverage on Hilton Worldwide in a research note on Tuesday, March 26th. They issued a “buy” rating and a $245.00 price objective for the company. Finally, BMO Capital Markets boosted their target price on shares of Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a report on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus target price of $197.78.

View Our Latest Stock Analysis on Hilton Worldwide

Hilton Worldwide Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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