South Street Advisors LLC Has $22.74 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

South Street Advisors LLC lowered its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,989 shares of the company’s stock after selling 2,065 shares during the quarter. Hilton Worldwide accounts for about 3.5% of South Street Advisors LLC’s portfolio, making the stock its 9th largest position. South Street Advisors LLC’s holdings in Hilton Worldwide were worth $22,736,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Noble Wealth Management PBC bought a new stake in shares of Hilton Worldwide in the 4th quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hilton Worldwide in the 4th quarter worth about $34,000. Groupama Asset Managment lifted its holdings in shares of Hilton Worldwide by 37.8% in the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after acquiring an additional 4,118 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Hilton Worldwide in the 4th quarter worth about $36,000. Finally, True Wealth Design LLC lifted its holdings in shares of Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock worth $40,000 after acquiring an additional 168 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the firm’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 sale, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HLT. Wells Fargo & Company raised their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Macquarie raised their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Jefferies Financial Group raised their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Morgan Stanley raised their price target on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group raised their price target on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and a consensus price target of $250.61.

Hilton Worldwide Stock Performance

NYSE HLT opened at $234.33 on Tuesday. The company has a market capitalization of $56.38 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The company’s 50-day simple moving average is $253.19 and its two-hundred day simple moving average is $244.13. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Thursday, February 6th. The company reported $1.76 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%. Equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

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.