Massachusetts Financial Services Co. MA Sells 270,177 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Massachusetts Financial Services Co. MA cut its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,472,123 shares of the company’s stock after selling 270,177 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.83% of Hilton Worldwide worth $1,105,330,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Noble Wealth Management PBC acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new position in Hilton Worldwide in the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $34,000. Sierra Ocean LLC bought a new stake in shares of Hilton Worldwide during the fourth quarter worth $36,000. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $41,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 77,383 shares in the company, valued at approximately $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 SEC, which is accessible through this link. 2.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on HLT shares. Morgan Stanley increased their target price on Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. The Goldman Sachs Group boosted their target price on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company raised their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Jefferies Financial Group boosted their price objective on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, Susquehanna increased their target price 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. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $254.53.

Hilton Worldwide Trading Down 0.1 %

HLT stock opened at $227.21 on Wednesday. The business’s 50 day simple moving average is $250.15 and its 200 day simple moving average is $245.30. 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 capitalization of $54.44 billion, a PE ratio of 36.95, a PEG ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Friday, February 21st. Hilton Worldwide’s payout ratio is 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.