Loomis Sayles & Co. L P Trims Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Loomis Sayles & Co. L P decreased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 12.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,328 shares of the company’s stock after selling 482 shares during the period. Loomis Sayles & Co. L P’s holdings in Hilton Worldwide were worth $823,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Hilton Worldwide in the third quarter worth about $765,000. Jones Financial Companies Lllp lifted its stake in Hilton Worldwide by 194.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock worth $651,000 after purchasing an additional 1,740 shares in the last quarter. Amundi boosted its holdings in Hilton Worldwide by 24.2% in the 4th quarter. Amundi now owns 953,938 shares of the company’s stock valued at $232,098,000 after purchasing an additional 185,765 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Hilton Worldwide by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock valued at $55,774,000 after purchasing an additional 4,846 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Hilton Worldwide by 3.1% in the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock worth $1,012,069,000 after purchasing an additional 121,900 shares during the period. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $225.49 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22. The business has a 50 day moving average price of $250.94 and a 200-day moving average price of $244.92. The firm has a market cap of $54.03 billion, a PE ratio of 36.67, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping 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%. Research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide’s payout ratio is 9.76%.

Insider Transactions at Hilton Worldwide

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 completion of the sale, the insider now directly owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays boosted their target price on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Susquehanna upped their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Truist Financial decreased their price target on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Finally, Wells Fargo & Company lifted their price objective 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. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $254.53.

Hilton Worldwide 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.