Bessemer Group Inc. Trims Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Bessemer Group Inc. lowered its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 23.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 905,294 shares of the company’s stock after selling 281,038 shares during the period. Bessemer Group Inc.’s holdings in Hilton Worldwide were worth $205,999,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HLT. Noble Wealth Management PBC purchased a new stake in Hilton Worldwide in the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC purchased a new stake in Hilton Worldwide in the fourth quarter valued at approximately $28,000. ORG Partners LLC grew its holdings in Hilton Worldwide by 78.7% in the first quarter. ORG Partners LLC now owns 168 shares of the company’s stock valued at $38,000 after purchasing an additional 74 shares during the period. Beacon Capital Management LLC increased its position in Hilton Worldwide by 76.0% during the first quarter. Beacon Capital Management LLC now owns 176 shares of the company’s stock worth $40,000 after purchasing an additional 76 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in Hilton Worldwide during the fourth quarter worth approximately $41,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Performance

Shares of HLT opened at $255.99 on Wednesday. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year high of $275.22. The stock has a 50-day moving average price of $241.37 and a 200 day moving average price of $243.43. The company has a market capitalization of $60.85 billion, a P/E ratio of 40.38, a P/E/G ratio of 2.85 and a beta of 1.24.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.53 EPS. As a group, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, May 26th will be given a $0.15 dividend. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, May 23rd. Hilton Worldwide’s payout ratio is currently 9.46%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HLT. JPMorgan Chase & Co. started coverage on Hilton Worldwide in a report on Monday. They issued an “overweight” rating and a $282.00 target price on the stock. Macquarie reduced their price objective on Hilton Worldwide from $245.00 to $240.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Barclays dropped their target price on shares of Hilton Worldwide from $233.00 to $232.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Truist Financial reduced their price target on shares of Hilton Worldwide from $251.00 to $223.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Finally, Susquehanna boosted their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Ten research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.06.

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.