Cookson Peirce & Co. Inc. Trims Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Cookson Peirce & Co. Inc. trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,034 shares of the company’s stock after selling 788 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Hilton Worldwide were worth $1,281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Savoir Faire Capital Management L.P. purchased a new stake in Hilton Worldwide during the 3rd quarter valued at approximately $4,270,000. International Assets Investment Management LLC grew its holdings in Hilton Worldwide by 19,454.9% during the 4th quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock valued at $53,981,000 after buying an additional 294,937 shares in the last quarter. Nordea Investment Management AB grew its holdings in Hilton Worldwide by 6.3% during the 4th quarter. Nordea Investment Management AB now owns 1,674,212 shares of the company’s stock valued at $305,159,000 after buying an additional 98,790 shares in the last quarter. Prime Capital Investment Advisors LLC grew its holdings in Hilton Worldwide by 4.4% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 16,370 shares of the company’s stock valued at $2,981,000 after buying an additional 694 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Hilton Worldwide during the 3rd quarter valued at approximately $1,276,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HLT. Macquarie raised their target price on shares of Hilton Worldwide from $190.00 to $192.00 and gave the company a “neutral” rating in a report on Friday, February 9th. HSBC raised their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Robert W. Baird raised their target price on shares of Hilton Worldwide from $210.00 to $212.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Wells Fargo & Company raised their target price on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, March 20th. Finally, TD Cowen raised their target price on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $201.28.

Hilton Worldwide Trading Down 1.0 %

Shares of HLT opened at $202.47 on Wednesday. The firm has a market capitalization of $50.89 billion, a P/E ratio of 46.76, a P/E/G ratio of 1.81 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 12-month low of $134.43 and a 12-month high of $215.79. The firm has a fifty day moving average price of $204.91 and a 200-day moving average price of $182.50.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.11. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 earnings per share. Analysts predict that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.86%.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by insiders.

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.