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

Nomura Asset Management Co. Ltd. trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,712 shares of the company’s stock after selling 336 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Hilton Worldwide were worth $17,971,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after acquiring an additional 1,429,537 shares during the period. Cerity Partners LLC boosted its holdings in Hilton Worldwide by 38.8% during the third quarter. Cerity Partners LLC now owns 13,505 shares of the company’s stock worth $3,113,000 after buying an additional 3,773 shares in the last quarter. Townsquare Capital LLC grew its position in Hilton Worldwide by 60.7% during the third quarter. Townsquare Capital LLC now owns 6,289 shares of the company’s stock worth $1,450,000 after buying an additional 2,376 shares during the period. Glenmede Trust Co. NA increased its holdings in Hilton Worldwide by 1.7% in the third quarter. Glenmede Trust Co. NA now owns 30,386 shares of the company’s stock valued at $7,004,000 after buying an additional 518 shares in the last quarter. Finally, Fiduciary Trust Co lifted its position in shares of Hilton Worldwide by 1.6% during the 3rd quarter. Fiduciary Trust Co now owns 7,285 shares of the company’s stock valued at $1,679,000 after acquiring an additional 115 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the sale, the insider now owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HLT. Barclays raised their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Truist Financial lowered their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Raymond James upped their price target on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, Jefferies Financial Group raised their price objective on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Hold” and a consensus price target of $254.53.

Hilton Worldwide Price Performance

Shares of HLT stock opened at $225.49 on Friday. The firm’s 50-day simple moving average is $250.94 and its 200-day simple moving average is $244.92. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22. The firm has a market cap of $54.03 billion, a P/E ratio of 36.67, a PEG 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 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%. Analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.27%. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

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.