Summit Global Investments Buys Shares of 2,638 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Summit Global Investments bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,638 shares of the company's stock, valued at approximately $652,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Hilton Worldwide by 2.1% during the 3rd quarter. FMR LLC now owns 11,215,391 shares of the company's stock valued at $2,585,148,000 after acquiring an additional 226,223 shares during the period. Principal Financial Group Inc. raised its stake in shares of Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after buying an additional 1,429,537 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock valued at $1,012,069,000 after buying an additional 121,900 shares during the period. Jennison Associates LLC grew its holdings in Hilton Worldwide by 5.1% during the fourth quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock worth $840,164,000 after acquiring an additional 164,461 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Hilton Worldwide by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,597,137 shares of the company's stock valued at $394,748,000 after acquiring an additional 39,786 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

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Insider Activity

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the transaction, the insider now owns 77,383 shares of the company's stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

HLT has been the topic of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a "hold" rating in a research note on Thursday, January 2nd. Susquehanna lifted their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Truist Financial lowered their target price on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a research note on Friday. JPMorgan Chase & Co. lifted their price target on Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, Morgan Stanley increased their price target on Hilton Worldwide from $265.00 to $274.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $254.53.

Hilton Worldwide Stock Performance

Shares of HLT stock traded up $1.67 during trading hours on Tuesday, reaching $234.23. The company had a trading volume of 949,498 shares, compared to its average volume of 1,528,708. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22. The company has a market capitalization of $56.36 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 2.86 and a beta of 1.29. The stock has a fifty day moving average of $252.04 and a 200-day moving average of $244.61.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. On average, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Hilton Worldwide's dividend payout ratio is currently 9.76%.

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.