RMR Wealth Builders Reduces Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

RMR Wealth Builders cut its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,831 shares of the company’s stock after selling 354 shares during the period. RMR Wealth Builders’ holdings in Hilton Worldwide were worth $698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HLT. EdgeRock Capital LLC purchased a new stake in shares of Hilton Worldwide during the 4th quarter valued at approximately $25,000. Activest Wealth Management acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at $26,000. OFI Invest Asset Management purchased a new position in shares of Hilton Worldwide during the 3rd quarter worth $25,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth about $37,000. Finally, Anchor Investment Management LLC purchased a new stake in Hilton Worldwide in the 4th quarter valued at about $46,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the transaction, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Price Performance

Shares of HLT traded up $0.68 during midday trading on Wednesday, reaching $200.39. The stock had a trading volume of 971,583 shares, compared to its average volume of 1,489,313. The company has a market cap of $50.11 billion, a price-to-earnings ratio of 43.56, a PEG ratio of 1.73 and a beta of 1.26. The company’s fifty day simple moving average is $205.49 and its two-hundred day simple moving average is $187.59. Hilton Worldwide Holdings Inc. has a 1-year low of $134.43 and a 1-year high of $215.79.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.12. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. Hilton Worldwide’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. On average, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.08 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 17th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

Analysts Set New Price Targets

HLT has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Wells Fargo & Company boosted their target price on Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 20th. Truist Financial raised their price target on Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Macquarie reiterated a “neutral” rating and issued a $192.00 price objective on shares of Hilton Worldwide in a report on Wednesday, April 24th. Finally, Evercore ISI raised their target price on Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a report on Wednesday, March 20th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.59.

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.