Renasant Bank Has $412,000 Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Renasant Bank lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 53.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,668 shares of the company’s stock after selling 1,948 shares during the period. Renasant Bank’s holdings in Hilton Worldwide were worth $412,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HLT. Commonwealth Equity Services LLC lifted its stake in Hilton Worldwide by 3.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,803 shares of the company’s stock valued at $4,153,000 after purchasing an additional 602 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in Hilton Worldwide by 4.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,351 shares of the company’s stock valued at $1,323,000 after buying an additional 213 shares during the period. Hopwood Financial Services Inc. bought a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $41,000. Farther Finance Advisors LLC increased its holdings in shares of Hilton Worldwide by 6.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,257 shares of the company’s stock worth $311,000 after acquiring an additional 75 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Hilton Worldwide by 20.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,266 shares of the company’s stock valued at $313,000 after acquiring an additional 219 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT opened at $222.60 on Friday. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22. The company has a market capitalization of $53.56 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The company has a fifty day moving average of $253.71 and a 200-day moving average of $243.55.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Thursday, February 6th. The company reported $1.76 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%. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide announced that its board has authorized a share repurchase plan on Thursday, November 14th that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the company to reacquire up to 5.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date is Friday, February 21st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.76%.

Insider Activity

In other Hilton Worldwide news, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the transaction, the insider now owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

HLT has been the subject of several analyst reports. Mizuho reiterated a “neutral” rating and issued a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Barclays lifted their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Macquarie increased 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. The Goldman Sachs Group lifted their price objective on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $250.61.

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.