Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Broad Run Investment Management LLC

Broad Run Investment Management LLC cut its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,879 shares of the company’s stock after selling 3,400 shares during the quarter. Hilton Worldwide comprises 2.7% of Broad Run Investment Management LLC’s portfolio, making the stock its 15th biggest position. Broad Run Investment Management LLC’s holdings in Hilton Worldwide were worth $19,990,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Noble Wealth Management PBC acquired a new position in Hilton Worldwide during the fourth quarter valued at approximately $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Hilton Worldwide during the 4th quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Hilton Worldwide during the 4th quarter worth $34,000. Sierra Ocean LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at $36,000. Finally, Hopwood Financial Services Inc. purchased a new position in Hilton Worldwide in the fourth quarter valued at about $41,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 0.2 %

Shares of NYSE:HLT opened at $219.72 on Friday. The firm has a 50-day simple moving average of $230.86 and a 200 day simple moving average of $242.78. Hilton Worldwide Holdings Inc. has a fifty-two week low of $194.93 and a fifty-two week high of $275.22. The company has a market cap of $52.65 billion, a PE ratio of 35.73, a P/E/G ratio of 2.86 and a beta of 1.19.

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

Hilton Worldwide Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on HLT. Wells Fargo & Company increased their target price on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Morgan Stanley lowered their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Barclays cut their price objective on shares of Hilton Worldwide from $287.00 to $233.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group dropped their target price on Hilton Worldwide from $277.00 to $228.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, Macquarie increased their price target on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus target price of $243.75.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.

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.