Catalyst Funds Management Pty Ltd Sells 1,800 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Catalyst Funds Management Pty Ltd decreased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 56.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,400 shares of the company’s stock after selling 1,800 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Hilton Worldwide were worth $346,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its stake in Hilton Worldwide by 2.1% in the third quarter. FMR LLC now owns 11,215,391 shares of the company’s stock valued at $2,585,148,000 after purchasing an additional 226,223 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after buying an additional 1,429,537 shares during the last quarter. Franklin Resources Inc. increased its holdings in Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock worth $1,012,069,000 after acquiring an additional 121,900 shares during the last quarter. Jennison Associates LLC raised its stake in Hilton Worldwide by 5.1% in the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company’s stock valued at $840,164,000 after acquiring an additional 164,461 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Hilton Worldwide by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,597,137 shares of the company’s stock valued at $394,748,000 after purchasing an additional 39,786 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Trading Up 3.5 %

Shares of NYSE HLT opened at $229.61 on Friday. The stock has a market cap of $55.24 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 2.86 and a beta of 1.29. The stock’s 50-day moving average is $253.37 and its 200 day moving average is $243.83. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data 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 net margin of 13.74% and a negative return on equity of 54.47%. On average, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HLT shares. Mizuho reissued a “neutral” rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Macquarie increased their target price on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Barclays lifted their price target on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Raymond James upped their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $250.61.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the transaction, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the transaction, the insider now directly owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

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.