Allstate Corp Acquires New Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Allstate Corp purchased a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,232 shares of the company's stock, valued at approximately $1,787,000.

Several other institutional investors also recently modified their holdings of HLT. Palumbo Wealth Management LLC boosted its position in shares of Hilton Worldwide by 2.0% in the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock worth $528,000 after purchasing an additional 41 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in Hilton Worldwide by 1.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock worth $799,000 after purchasing an additional 43 shares during the period. Versant Capital Management Inc grew its holdings in shares of Hilton Worldwide by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company's stock worth $92,000 after buying an additional 48 shares in the last quarter. Arkadios Wealth Advisors raised its position in Hilton Worldwide by 2.8% in the 4th quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock valued at $444,000 after buying an additional 49 shares during the last quarter. Finally, Angeles Wealth Management LLC lifted its stake in Hilton Worldwide by 3.7% in the 4th quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company's stock valued at $351,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

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Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.50% of the company's stock.

Hilton Worldwide Trading Up 1.9 %

NYSE HLT traded up $4.39 during midday trading on Wednesday, hitting $231.67. The company had a trading volume of 1,488,372 shares, compared to its average volume of 1,614,607. The company has a market capitalization of $55.51 billion, a PE ratio of 37.67, a P/E/G ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22. The firm has a 50-day moving average price of $250.15 and a 200-day moving average price of $245.30.

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

Hilton Worldwide Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on HLT. Jefferies Financial Group lifted their target price on Hilton Worldwide from $237.00 to $277.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Susquehanna raised their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Barclays upped their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Finally, Truist Financial decreased their target price on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.