Federated Hermes Inc. Sells 4,515 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Federated Hermes Inc. lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 9.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 41,877 shares of the company’s stock after selling 4,515 shares during the quarter. Federated Hermes Inc.’s holdings in Hilton Worldwide were worth $7,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in HLT. OFI Invest Asset Management bought a new position in shares of Hilton Worldwide during the third quarter worth approximately $25,000. Activest Wealth Management bought a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $26,000. Exchange Traded Concepts LLC bought a new position in Hilton Worldwide during the 3rd quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Hilton Worldwide by 494.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 232 shares of the company’s stock worth $36,000 after acquiring an additional 193 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Hilton Worldwide during the 4th quarter worth $37,000. Institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Evercore ISI raised their price objective on Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research note on Wednesday, March 20th. Mizuho lowered their price objective on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research note on Tuesday. Wells Fargo & Company raised their price objective on Hilton Worldwide from $196.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 20th. Bank of America raised their price objective on Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, Macquarie reiterated a “neutral” rating and issued a $192.00 price target on shares of Hilton Worldwide in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $201.78.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the transaction, the insider now directly owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Up 3.9 %

NYSE HLT opened at $204.70 on Thursday. Hilton Worldwide Holdings Inc. has a twelve month low of $134.43 and a twelve month high of $215.79. The company has a market cap of $51.45 billion, a price-to-earnings ratio of 47.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.25. The business’s fifty day moving average is $205.55 and its 200 day moving average is $184.32.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.11. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. Hilton Worldwide had a negative return on equity of 94.46% and a net margin of 11.15%. Hilton Worldwide’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. On average, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd 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 of this dividend was Thursday, February 22nd. Hilton Worldwide’s payout ratio is presently 13.86%.

Hilton Worldwide Company 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.