Everence Capital Management Inc. Cuts Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Everence Capital Management Inc. decreased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,520 shares of the company’s stock after selling 1,010 shares during the period. Everence Capital Management Inc.’s holdings in Hilton Worldwide were worth $1,916,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Hilton Worldwide during the fourth quarter worth $337,490,000. T. Rowe Price Investment Management Inc. boosted its position in Hilton Worldwide by 36.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,237,885 shares of the company’s stock valued at $1,167,300,000 after buying an additional 2,480,451 shares during the last quarter. Deutsche Bank AG increased its position in shares of Hilton Worldwide by 181.1% during the third quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock worth $391,640,000 after acquiring an additional 1,680,156 shares during the last quarter. Royal Bank of Canada boosted its holdings in Hilton Worldwide by 54.7% in the first quarter. Royal Bank of Canada now owns 1,840,444 shares of the company’s stock valued at $279,270,000 after purchasing an additional 650,540 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Hilton Worldwide by 16.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,200,822 shares of the company’s stock valued at $637,433,000 after purchasing an additional 583,516 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Down 1.0 %

NYSE HLT opened at $202.47 on Wednesday. The company has a 50-day moving average price of $204.91 and a two-hundred day moving average price of $182.50. Hilton Worldwide Holdings Inc. has a 52 week low of $134.43 and a 52 week high of $215.79. The stock has a market cap of $50.89 billion, a price-to-earnings ratio of 46.76, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.86%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Evercore ISI increased their target price on Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research note on Wednesday, March 20th. HSBC boosted their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Wells Fargo & Company lifted their price target on Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 20th. UBS Group increased their target price on Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, TD Cowen boosted their price target on Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average price target of $201.28.

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.