Envestnet Asset Management Inc. Trims Stake in Hilton Worldwide (HLT)

Envestnet Asset Management Inc. trimmed its stake in shares of Hilton Worldwide (NYSE:HLT) by 72.5% in the first quarter, HoldingsChannel.com reports. The fund owned 3,679 shares of the company’s stock after selling 9,684 shares during the period. Envestnet Asset Management Inc.’s holdings in Hilton Worldwide were worth $290,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HLT. Mutual of America Capital Management LLC lifted its position in shares of Hilton Worldwide by 10.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 26,098 shares of the company’s stock valued at $2,084,000 after acquiring an additional 2,574 shares during the period. Aperio Group LLC lifted its position in shares of Hilton Worldwide by 7.9% during the 4th quarter. Aperio Group LLC now owns 38,416 shares of the company’s stock valued at $3,068,000 after acquiring an additional 2,819 shares during the period. Public Employees Retirement Association of Colorado lifted its position in shares of Hilton Worldwide by 4.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 37,765 shares of the company’s stock valued at $3,016,000 after acquiring an additional 1,752 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Hilton Worldwide by 13.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 16,577 shares of the company’s stock valued at $1,324,000 after acquiring an additional 1,997 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Hilton Worldwide during the 4th quarter valued at approximately $4,257,000. Institutional investors own 74.60% of the company’s stock.

Get Hilton Worldwide alerts:

In other Hilton Worldwide news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the business’s stock in a transaction on Friday, April 13th. The stock was sold at an average price of $73.00, for a total value of $4,818,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

Several research analysts recently issued reports on HLT shares. TheStreet upgraded Hilton Worldwide from a “c” rating to a “b” rating in a research report on Wednesday, February 14th. SunTrust Banks lifted their price objective on Hilton Worldwide to $92.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Royal Bank of Canada restated a “buy” rating and set a $93.00 price objective on shares of Hilton Worldwide in a research report on Tuesday, February 27th. Zacks Investment Research upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Wednesday, March 7th. Finally, Deutsche Bank lifted their price objective on Hilton Worldwide from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, April 20th. Ten equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Hilton Worldwide currently has a consensus rating of “Buy” and an average price target of $84.28.

Shares of Hilton Worldwide opened at $83.81 on Wednesday, according to MarketBeat.com. The company has a debt-to-equity ratio of 3.75, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $25.23 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 3.13 and a beta of 1.32. Hilton Worldwide has a fifty-two week low of $60.54 and a fifty-two week high of $88.11.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Thursday, April 26th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.29 billion. Hilton Worldwide had a return on equity of 41.44% and a net margin of 14.87%. Hilton Worldwide’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. analysts forecast that Hilton Worldwide will post 2.69 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, May 11th will be issued a $0.15 dividend. The ex-dividend date is Thursday, May 10th. This represents a $0.60 annualized dividend and a yield of 0.72%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 30.00%.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide (NYSE:HLT).

Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

Leave a Reply

Your email address will not be published. Required fields are marked *