Bessemer Group Inc. Sells 281,038 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Bessemer Group Inc. trimmed its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 23.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 905,294 shares of the company's stock after selling 281,038 shares during the period. Bessemer Group Inc. owned about 0.38% of Hilton Worldwide worth $205,999,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Noble Wealth Management PBC bought a new stake in shares of Hilton Worldwide in the 4th quarter valued at $27,000. VSM Wealth Advisory LLC acquired a new position in Hilton Worldwide in the fourth quarter valued at $28,000. ORG Partners LLC boosted its position in Hilton Worldwide by 78.7% during the first quarter. ORG Partners LLC now owns 168 shares of the company's stock valued at $38,000 after acquiring an additional 74 shares during the last quarter. Beacon Capital Management LLC grew its holdings in Hilton Worldwide by 76.0% during the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after acquiring an additional 76 shares during the period. Finally, Hopwood Financial Services Inc. bought a new position in shares of Hilton Worldwide in the 4th quarter worth about $41,000. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Down 0.8%

Shares of Hilton Worldwide stock traded down $2.13 on Wednesday, reaching $253.80. The company's stock had a trading volume of 1,785,251 shares, compared to its average volume of 1,760,323. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $275.22. The firm's fifty day simple moving average is $241.37 and its two-hundred day simple moving average is $243.43. The company has a market capitalization of $60.33 billion, a price-to-earnings ratio of 40.03, a P/E/G ratio of 2.85 and a beta of 1.24.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the business posted $1.53 earnings per share. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be issued a $0.15 dividend. This represents a yield of 0.23%. The ex-dividend date is Friday, May 23rd. Hilton Worldwide's dividend payout ratio is 9.46%.

Wall Street Analysts Forecast Growth

HLT has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Susquehanna lifted their price target on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. The Goldman Sachs Group restated a "neutral" rating and set a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Hilton Worldwide in a research note on Monday. They issued an "overweight" rating and a $282.00 price objective on the stock. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $249.06.

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.