Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 127,958 shares of the company’s stock after selling 4,192 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Hilton Worldwide worth $31,626,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. V Square Quantitative Management LLC lifted its stake in shares of Hilton Worldwide by 1.9% in the fourth quarter. V Square Quantitative Management LLC now owns 5,508 shares of the company’s stock worth $1,361,000 after acquiring an additional 105 shares in the last quarter. Catalyst Financial Partners LLC acquired a new position in shares of Hilton Worldwide in the fourth quarter worth about $224,000. Asset Management One Co. Ltd. lifted its stake in shares of Hilton Worldwide by 4.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 114,387 shares of the company’s stock worth $28,590,000 after acquiring an additional 5,345 shares in the last quarter. Avestar Capital LLC raised its stake in Hilton Worldwide by 10.2% during the fourth quarter. Avestar Capital LLC now owns 2,976 shares of the company’s stock valued at $736,000 after buying an additional 276 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Hilton Worldwide by 10.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 143,365 shares of the company’s stock valued at $35,142,000 after buying an additional 14,040 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling 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 stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael W. Duffy sold 23,366 shares of the stock in a transaction on Monday, December 16th. The shares were 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 of the company’s stock, valued at $5,746,152.78. This trade represents a 50.58 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HLT shares. Jefferies Financial Group upped their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Melius cut Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Bank of America upped their price objective on Hilton Worldwide from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, October 21st. The Goldman Sachs Group upped their target price on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Macquarie upped their target price on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $246.61.

Hilton Worldwide Stock Performance

Shares of NYSE HLT opened at $265.96 on Friday. The stock has a fifty day moving average price of $252.01 and a two-hundred day moving average price of $237.34. The firm has a market cap of $64.84 billion, a P/E ratio of 43.25, a PEG ratio of 2.85 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 1 year low of $193.43 and a 1 year high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 57.01% and a net margin of 13.74%. On average, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.76 earnings per share for the current fiscal year.

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

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s payout ratio is currently 9.76%.

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.