Amica Mutual Insurance Co. Sells 13,738 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Amica Mutual Insurance Co. decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 47.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,355 shares of the company’s stock after selling 13,738 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Hilton Worldwide were worth $2,796,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new stake in shares of Hilton Worldwide in the 3rd quarter worth $31,000. PDS Planning Inc purchased a new position in Hilton Worldwide in the 3rd quarter worth about $204,000. SVB Wealth LLC raised its position in Hilton Worldwide by 24.2% in the 3rd quarter. SVB Wealth LLC now owns 3,283 shares of the company’s stock worth $493,000 after buying an additional 640 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in Hilton Worldwide during the 3rd quarter valued at about $1,571,000. Finally, Xponance Inc. boosted its holdings in shares of Hilton Worldwide by 0.5% during the 3rd quarter. Xponance Inc. now owns 44,921 shares of the company’s stock valued at $6,746,000 after acquiring an additional 219 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT stock traded up $0.04 during trading hours on Monday, hitting $202.16. The stock had a trading volume of 1,134,619 shares, compared to its average volume of 1,499,870. The stock’s 50-day moving average price is $205.89 and its two-hundred day moving average price is $185.61. Hilton Worldwide Holdings Inc. has a one year low of $134.43 and a one year high of $215.79. The stock has a market capitalization of $50.55 billion, a price-to-earnings ratio of 43.95, a PEG ratio of 1.79 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) 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 the consensus estimate of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. Hilton Worldwide’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. As a group, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.30%. The ex-dividend date is Thursday, May 16th. Hilton Worldwide’s payout ratio is 13.04%.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the transaction, the insider now directly owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HLT. UBS Group raised their target price on shares of Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Jefferies Financial Group increased their price target on shares of Hilton Worldwide from $157.00 to $182.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Barclays boosted their price objective on shares of Hilton Worldwide from $216.00 to $219.00 and gave the company an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Mizuho reduced their price target on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide 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.