Intech Investment Management LLC Cuts Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Intech Investment Management LLC lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 88.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,579 shares of the company’s stock after selling 19,600 shares during the quarter. Intech Investment Management LLC’s holdings in Hilton Worldwide were worth $637,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new stake in Hilton Worldwide during the fourth quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Hilton Worldwide in the 4th quarter worth approximately $34,000. Sierra Ocean LLC bought a new position in Hilton Worldwide during the fourth quarter valued at approximately $36,000. Hopwood Financial Services Inc. purchased a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $41,000. Finally, True Wealth Design LLC lifted its holdings in shares of Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock worth $40,000 after acquiring an additional 168 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Down 1.3 %

HLT opened at $228.78 on Monday. The stock has a market cap of $55.04 billion, a PE ratio of 37.20, a PEG ratio of 2.86 and a beta of 1.29. The business has a 50 day moving average of $252.22 and a 200-day moving average of $244.49. Hilton Worldwide Holdings Inc. has a 52 week low of $193.86 and a 52 week high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating 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%. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced 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 payout ratio is 9.76%.

Wall Street Analyst Weigh In

HLT has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Raymond James boosted 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. Jefferies Financial Group raised their price target on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Barclays lifted their target price on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $254.53.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide 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 completion of the transaction, the insider now owns 77,383 shares of the company’s stock, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

About Hilton Worldwide

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.