USS Investment Management Ltd Sells 3,284 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

USS Investment Management Ltd decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 6.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 50,605 shares of the company’s stock after selling 3,284 shares during the period. USS Investment Management Ltd’s holdings in Hilton Worldwide were worth $12,513,000 at the end of the most recent reporting period.

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

Hilton Worldwide Price Performance

NYSE:HLT opened at $253.12 on Wednesday. The firm has a market capitalization of $60.17 billion, a price-to-earnings ratio of 41.16, a PEG ratio of 2.86 and a beta of 1.23. The business has a 50 day simple moving average of $227.52 and a 200-day simple moving average of $243.50. Hilton Worldwide Holdings Inc. has a 1 year low of $194.93 and a 1 year high of $275.22.

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

Hilton Worldwide Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently issued reports on HLT. Jefferies Financial Group upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating and lifted their price objective for the company from $228.00 to $296.00 in a research report on Monday, May 12th. Raymond James lifted their price target on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Barclays dropped their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Dbs Bank raised Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $235.00 price target (down from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Eleven equities 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 company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.