Sumitomo Mitsui Trust Holdings Inc. Sells 16,893 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 609,892 shares of the company’s stock after selling 16,893 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Hilton Worldwide were worth $130,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC raised its holdings in Hilton Worldwide by 3.9% during the 3rd quarter. Lazard Asset Management LLC now owns 5,447 shares of the company’s stock worth $817,000 after purchasing an additional 202 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Hilton Worldwide by 1.9% during the 3rd quarter. AQR Capital Management LLC now owns 45,573 shares of the company’s stock valued at $6,844,000 after acquiring an additional 843 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in Hilton Worldwide by 6.9% in the third quarter. Glenmede Trust Co. NA now owns 23,303 shares of the company’s stock valued at $3,500,000 after buying an additional 1,507 shares during the period. Axxcess Wealth Management LLC increased its stake in shares of Hilton Worldwide by 269.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 6,409 shares of the company’s stock valued at $963,000 after acquiring an additional 4,672 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new position in Hilton Worldwide during the 3rd quarter worth approximately $7,554,000. Institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling

In other news, Director Melanie Healey bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $199.65 per share, with a total value of $399,300.00. Following the transaction, the director now directly owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Trading Up 0.3 %

NYSE:HLT traded up $0.55 on Wednesday, reaching $216.15. 167,556 shares of the stock traded hands, compared to its average volume of 1,559,605. The firm has a market capitalization of $54.05 billion, a price-to-earnings ratio of 47.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 1-year low of $142.50 and a 1-year high of $218.82. The company’s 50 day moving average is $205.86 and its 200-day moving average is $199.77.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. Hilton Worldwide’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 earnings per share. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 17th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Hilton Worldwide’s payout ratio is 13.04%.

Wall Street Analyst Weigh In

Several analysts recently commented on HLT shares. HSBC raised their price objective on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Macquarie reiterated a “neutral” rating and issued a $192.00 price target on shares of Hilton Worldwide in a research note on Wednesday, April 24th. Mizuho reduced their price objective on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. TD Cowen lifted their target price on Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Finally, Bank of America increased their price target on Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $208.00.

Hilton Worldwide Company 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.