Groupama Asset Managment Cuts Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Groupama Asset Managment decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,881 shares of the company’s stock after selling 2,144 shares during the quarter. Groupama Asset Managment’s holdings in Hilton Worldwide were worth $3,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Hilton Worldwide by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after acquiring an additional 1,429,537 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock worth $1,952,314,000 after purchasing an additional 919,424 shares during the last quarter. Geode Capital Management LLC boosted its position in Hilton Worldwide by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company’s stock valued at $1,456,893,000 after buying an additional 67,292 shares during the period. Franklin Resources Inc. grew its stake in shares of Hilton Worldwide by 7.8% during the fourth quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company’s stock valued at $1,090,346,000 after buying an additional 320,550 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Hilton Worldwide by 5.1% in the fourth quarter. Jennison Associates LLC now owns 3,399,270 shares of the company’s stock worth $840,164,000 after buying an additional 164,461 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HLT shares. Wells Fargo & Company increased their target price on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Jefferies Financial Group raised their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Barclays upped their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Susquehanna raised their price target 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. Finally, Raymond James upped their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide currently has a consensus rating of “Hold” and a consensus price target of $254.53.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is owned by insiders.

Hilton Worldwide Price Performance

NYSE:HLT opened at $227.21 on Wednesday. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22. The company has a market capitalization of $54.44 billion, a PE ratio of 36.95, a P/E/G ratio of 2.86 and a beta of 1.29. The firm’s 50-day moving average price is $250.15 and its 200-day moving average price is $245.30.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share 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 fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were issued 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 dividend yield of 0.26%. Hilton Worldwide’s 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.