Cedar Brook Financial Partners LLC Sells 295 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Cedar Brook Financial Partners LLC cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 14.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,813 shares of the company’s stock after selling 295 shares during the quarter. Cedar Brook Financial Partners LLC’s holdings in Hilton Worldwide were worth $330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Trust N.A. raised its holdings in Hilton Worldwide by 2.3% in the 4th quarter. Raymond James Trust N.A. now owns 3,165 shares of the company’s stock worth $576,000 after purchasing an additional 71 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in Hilton Worldwide by 0.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 15,676 shares of the company’s stock valued at $2,354,000 after acquiring an additional 92 shares during the period. Robertson Stephens Wealth Management LLC raised its holdings in Hilton Worldwide by 3.0% during the second quarter. Robertson Stephens Wealth Management LLC now owns 3,306 shares of the company’s stock valued at $481,000 after acquiring an additional 95 shares during the period. Allworth Financial LP raised its holdings in Hilton Worldwide by 21.5% during the third quarter. Allworth Financial LP now owns 542 shares of the company’s stock valued at $81,000 after acquiring an additional 96 shares during the period. Finally, Equitable Holdings Inc. raised its holdings in Hilton Worldwide by 3.4% during the first quarter. Equitable Holdings Inc. now owns 2,943 shares of the company’s stock valued at $415,000 after acquiring an additional 98 shares during the period. 94.71% of the stock is owned by institutional investors.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $211.30 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $129.86 and a 1 year high of $211.86. The business has a 50 day simple moving average of $197.34 and a two-hundred day simple moving average of $174.70. The firm has a market capitalization of $53.28 billion, a PE ratio of 48.80, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25.

Hilton Worldwide (NYSE:HLTGet Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the business earned $1.59 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.06 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio is presently 13.86%.

Insider Activity

In other news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the sale, the insider now 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HLT. Robert W. Baird raised their price target on Hilton Worldwide from $210.00 to $212.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group raised their price target on Hilton Worldwide from $190.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Barclays raised their price objective on Hilton Worldwide from $200.00 to $204.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Jefferies Financial Group raised their price objective on Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Finally, Bank of America raised their price objective on Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Get Our Latest Analysis on HLT

Hilton Worldwide Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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