Norinchukin Bank The Lowers Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Norinchukin Bank The trimmed its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,040 shares of the company’s stock after selling 112 shares during the period. Norinchukin Bank The’s holdings in Hilton Worldwide were worth $2,234,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HLT. Noble Wealth Management PBC bought a new position in Hilton Worldwide during the fourth quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new position in shares of Hilton Worldwide during the 4th quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at $34,000. Sierra Ocean LLC bought a new stake in Hilton Worldwide in the fourth quarter worth $36,000. Finally, Hopwood Financial Services Inc. purchased a new stake in Hilton Worldwide during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

Hilton Worldwide Price Performance

Hilton Worldwide stock opened at $210.43 on Monday. The stock has a market cap of $50.42 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. The firm has a 50-day moving average of $236.33 and a two-hundred day moving average of $243.55. Hilton Worldwide Holdings Inc. has a 1 year low of $194.12 and a 1 year high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.76 EPS 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 expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.29%. The ex-dividend date was Friday, February 21st. Hilton Worldwide’s payout ratio is 9.76%.

Wall Street Analysts Forecast Growth

HLT has been the subject of a number of recent research reports. Mizuho reissued a “neutral” rating and issued a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Wells Fargo & Company upped their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $235.00 target price (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Raymond James increased their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, Jefferies Financial Group dropped their price objective on shares of Hilton Worldwide from $277.00 to $228.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $248.88.

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.