Integrated Advisors Network LLC Sells 743 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Integrated Advisors Network LLC cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 21.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,666 shares of the company’s stock after selling 743 shares during the period. Integrated Advisors Network LLC’s holdings in Hilton Worldwide were worth $607,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at $694,787,000. GAMMA Investing LLC boosted its stake in Hilton Worldwide by 23,543.6% in the 1st quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company’s stock worth $2,397,370,000 after purchasing an additional 1,049,101 shares during the period. JPMorgan Chase & Co. grew its holdings in Hilton Worldwide by 13.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock valued at $1,952,314,000 after buying an additional 919,424 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Hilton Worldwide by 26.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company’s stock valued at $806,999,000 after buying an additional 685,023 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Hilton Worldwide by 426.9% in the fourth quarter. Marshall Wace LLP now owns 762,261 shares of the company’s stock worth $188,400,000 after buying an additional 617,604 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Down 2.7%

Shares of NYSE HLT opened at $243.81 on Friday. The stock’s 50-day moving average is $236.08 and its 200 day moving average is $243.66. The stock has a market cap of $57.95 billion, a price-to-earnings ratio of 39.64, a P/E/G ratio of 2.86 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $275.22.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.61 by $0.11. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.53 earnings per share. On average, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 27th. Investors of record on Monday, May 26th will be given a $0.15 dividend. This represents a yield of 0.23%. The ex-dividend date of this dividend is Friday, May 23rd. Hilton Worldwide’s payout ratio is presently 9.46%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HLT. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $235.00 target price (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Morgan Stanley decreased their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Macquarie lowered their price objective on Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Barclays reduced their target price on Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Finally, Susquehanna raised 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. Eleven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $245.56.

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.