Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by GAM Holding AG

GAM Holding AG decreased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 60.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,294 shares of the company's stock after selling 121,700 shares during the period. Hilton Worldwide accounts for about 1.1% of GAM Holding AG's portfolio, making the stock its 24th biggest holding. GAM Holding AG's holdings in Hilton Worldwide were worth $14,803,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HLT. OFI Invest Asset Management bought a new position in shares of Hilton Worldwide in the third quarter worth about $25,000. Activest Wealth Management bought a new position in shares of Hilton Worldwide in the fourth quarter worth about $26,000. Exchange Traded Concepts LLC purchased a new stake in shares of Hilton Worldwide in the third quarter worth about $31,000. Bartlett & Co. LLC purchased a new stake in shares of Hilton Worldwide in the third quarter worth about $33,000. Finally, Clear Street Markets LLC purchased a new stake in shares of Hilton Worldwide in the fourth quarter worth about $34,000. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Trading Up 0.9 %

Shares of NYSE HLT traded up $1.89 during midday trading on Wednesday, hitting $212.26. The company's stock had a trading volume of 1,163,387 shares, compared to its average volume of 1,471,687. The business's 50 day moving average is $201.73 and its two-hundred day moving average is $178.38. Hilton Worldwide Holdings Inc. has a 12-month low of $134.43 and a 12-month high of $215.79. The firm has a market cap of $53.52 billion, a P/E ratio of 49.05, a price-to-earnings-growth ratio of 1.88 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.61 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. Hilton Worldwide's revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 23rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.60 annualized dividend and a yield of 0.28%. Hilton Worldwide's dividend payout ratio (DPR) is currently 13.86%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HLT. Barclays boosted their target price on Hilton Worldwide from $200.00 to $204.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. UBS Group boosted their target price on Hilton Worldwide from $190.00 to $237.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. BMO Capital Markets upped their price objective on Hilton Worldwide from $203.00 to $215.00 and gave the company a "market perform" rating in a research report on Wednesday, March 20th. Evercore ISI upped their price objective on Hilton Worldwide from $200.00 to $210.00 and gave the company an "in-line" rating in a research report on Wednesday, March 20th. Finally, Robert W. Baird upped their price objective on Hilton Worldwide from $210.00 to $212.00 and gave the company an "outperform" rating in a research report on Thursday, March 21st. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Hilton Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $201.28.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, the insider now owns 2,536,478 shares of the company's stock, valued at approximately $496,338,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by insiders.

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.