Ameriprise Financial Inc. Sells 255,541 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Ameriprise Financial Inc. lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,233,333 shares of the company's stock after selling 255,541 shares during the period. Ameriprise Financial Inc. owned 0.92% of Hilton Worldwide worth $551,991,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alteri Wealth LLC bought a new position in Hilton Worldwide during the 4th quarter valued at approximately $504,000. Alyeska Investment Group L.P. increased its holdings in shares of Hilton Worldwide by 10.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,027,593 shares of the company's stock valued at $253,980,000 after acquiring an additional 97,366 shares in the last quarter. Aptus Capital Advisors LLC raised its position in shares of Hilton Worldwide by 10.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,579 shares of the company's stock worth $390,000 after purchasing an additional 150 shares during the last quarter. AXA S.A. grew its position in Hilton Worldwide by 126.2% during the 4th quarter. AXA S.A. now owns 54,853 shares of the company's stock valued at $13,557,000 after purchasing an additional 30,599 shares during the last quarter. Finally, AlTi Global Inc. bought a new stake in Hilton Worldwide during the 4th quarter valued at about $277,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Price Performance

Shares of HLT stock traded up $5.21 on Wednesday, hitting $241.80. 2,099,858 shares of the stock traded hands, compared to its average volume of 1,757,004. The firm has a 50 day simple moving average of $226.23 and a two-hundred day simple moving average of $242.50. Hilton Worldwide Holdings Inc. has a 52 week low of $194.93 and a 52 week high of $275.22. The firm has a market cap of $57.48 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.73 billion. During the same period last year, the company posted $1.53 EPS. The business's revenue was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were given a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. Hilton Worldwide's dividend payout ratio is presently 9.46%.

Insiders Place Their Bets

In other news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 77,383 shares of the company's stock, valued at approximately $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 can be accessed through this link. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on HLT. 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 research note on Tuesday, February 4th. Morgan Stanley reduced their price objective on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Macquarie dropped their price target on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Susquehanna boosted their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Finally, Robert W. Baird raised their target price on shares of Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $241.31.

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.