Catalyst Funds Management Pty Ltd Sells 1,800 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Catalyst Funds Management Pty Ltd decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 56.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,400 shares of the company’s stock after selling 1,800 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Hilton Worldwide were worth $346,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its position in shares of Hilton Worldwide by 3.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,803 shares of the company’s stock worth $4,153,000 after purchasing an additional 602 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Hilton Worldwide by 4.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,351 shares of the company’s stock worth $1,323,000 after acquiring an additional 213 shares during the period. Hopwood Financial Services Inc. purchased a new stake in Hilton Worldwide during the 4th quarter valued at $41,000. Farther Finance Advisors LLC increased its position in Hilton Worldwide by 6.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,257 shares of the company’s stock valued at $311,000 after acquiring an additional 75 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Hilton Worldwide by 20.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,266 shares of the company’s stock worth $313,000 after purchasing an additional 219 shares during the period. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Trading Up 3.5 %

Shares of NYSE:HLT opened at $229.61 on Friday. The company has a market capitalization of $55.24 billion, a PE ratio of 37.34, a P/E/G ratio of 2.86 and a beta of 1.29. The business’s fifty day simple moving average is $253.37 and its 200-day simple moving average is $243.83. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Susquehanna boosted their price target on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Barclays increased their target price on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Jefferies Financial Group boosted their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $250.61.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael W. Duffy sold 23,366 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,746,152.78. This trade represents a 50.58 % decrease in their position. The disclosure for this sale can be found here. 2.50% 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.