Alliancebernstein L.P. Reduces Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Alliancebernstein L.P. decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 274,072 shares of the company's stock after selling 5,640 shares during the quarter. Alliancebernstein L.P. owned 0.11% of Hilton Worldwide worth $67,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after purchasing an additional 1,429,537 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in Hilton Worldwide during the third quarter valued at approximately $578,000. Centiva Capital LP bought a new stake in shares of Hilton Worldwide in the 3rd quarter valued at approximately $740,000. Investment Management Corp of Ontario raised its holdings in Hilton Worldwide by 46.1% during the 3rd quarter. Investment Management Corp of Ontario now owns 8,244 shares of the company's stock valued at $1,900,000 after buying an additional 2,600 shares during the period. Finally, Morse Asset Management Inc boosted its stake in shares of Hilton Worldwide by 3.9% during the 3rd quarter. Morse Asset Management Inc now owns 2,675 shares of the company's stock worth $617,000 after purchasing an additional 100 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.50% of the company's stock.

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Wall Street Analyst Weigh In

HLT has been the subject of several analyst reports. Susquehanna raised 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. Mizuho reaffirmed a "neutral" rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Wells Fargo & Company boosted their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Morgan Stanley increased their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Finally, Truist Financial decreased their target price on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $254.56.

Hilton Worldwide Stock Up 2.2 %

Shares of Hilton Worldwide stock traded up $4.42 on Tuesday, reaching $208.56. The stock had a trading volume of 1,021,370 shares, compared to its average volume of 1,970,043. The stock has a market capitalization of $49.97 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.86 and a beta of 1.19. The company has a 50 day moving average price of $247.47 and a 200 day moving average price of $245.14. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22.

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, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.29%. Hilton Worldwide's payout ratio is 9.76%.

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.