3,940 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Purchased by Allianz SE

Allianz SE acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,940 shares of the company's stock, valued at approximately $974,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Hilton Worldwide during the third quarter worth $765,000. Jones Financial Companies Lllp increased its position in Hilton Worldwide by 194.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock valued at $651,000 after buying an additional 1,740 shares in the last quarter. Amundi raised its stake in Hilton Worldwide by 24.2% in the fourth quarter. Amundi now owns 953,938 shares of the company's stock valued at $232,098,000 after buying an additional 185,765 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hilton Worldwide by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock worth $55,774,000 after acquiring an additional 4,846 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Hilton Worldwide by 3.1% in the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock worth $1,012,069,000 after acquiring an additional 121,900 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was 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 in the company, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.50% of the company's stock.

Remove Ads

Hilton Worldwide Price Performance

HLT stock traded up $4.39 during midday trading on Wednesday, hitting $231.67. 1,507,966 shares of the stock traded hands, compared to its average volume of 1,614,622. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22. The stock's fifty day simple moving average is $250.15 and its 200-day simple moving average is $245.30. The firm has a market cap of $55.51 billion, a P/E ratio of 37.67, a PEG ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly 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, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.26%. The ex-dividend date was Friday, February 21st. Hilton Worldwide's payout ratio is 9.76%.

Wall Street Analyst Weigh In

A number of analysts recently commented on HLT shares. Raymond James lifted their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Wells Fargo & Company lifted their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Truist Financial cut their target price on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Barclays lifted their price target on Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Finally, Macquarie increased their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Hilton Worldwide has a consensus rating of "Hold" and a consensus price target of $254.53.

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.