Pitcairn Co. Sells 463 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Pitcairn Co. lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,917 shares of the company’s stock after selling 463 shares during the quarter. Pitcairn Co.’s holdings in Hilton Worldwide were worth $5,170,000 at the end of the most recent quarter.

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

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction 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 approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Up 1.9 %

Shares of Hilton Worldwide stock opened at $231.67 on Thursday. The company’s 50-day moving average price is $249.83 and its 200-day moving average price is $245.21. The company has a market cap of $55.51 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS 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%. On average, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide’s payout ratio is currently 9.76%.

Analyst Ratings Changes

A number of analysts recently commented on HLT shares. Wells Fargo & Company lifted their price target on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Jefferies Financial Group boosted their price target 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. Raymond James raised their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $254.53.

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.