Lazard Asset Management LLC Sells 437 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Lazard Asset Management LLC lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 67.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 207 shares of the company’s stock after selling 437 shares during the quarter. Lazard Asset Management LLC’s holdings in Hilton Worldwide were worth $50,000 at the end of the most recent quarter.

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

Hilton Worldwide Stock Down 0.7%

NYSE HLT opened at $244.92 on Monday. The firm has a market capitalization of $58.22 billion, a P/E ratio of 39.82, a PEG ratio of 2.86 and a beta of 1.23. The company has a 50-day moving average price of $228.47 and a 200-day moving average price of $243.64. Hilton Worldwide Holdings Inc. has a 52 week low of $194.93 and a 52 week high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.53 earnings per share. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, May 26th will be issued a dividend of $0.15 per share. This represents a yield of 0.23%. The ex-dividend date is Friday, May 23rd. Hilton Worldwide’s dividend payout ratio is presently 9.46%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HLT shares. Jefferies Financial Group raised Hilton Worldwide from a “hold” rating to a “buy” rating and increased their target price for the stock from $228.00 to $296.00 in a research note on Monday, May 12th. Dbs Bank raised shares of Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 14th. Raymond James lifted their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Wells Fargo & Company increased their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Finally, Macquarie decreased their price objective on shares of Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Eleven research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $245.56.

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.