Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Bank of Nova Scotia

Bank of Nova Scotia boosted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 188.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,529 shares of the company's stock after acquiring an additional 59,818 shares during the period. Bank of Nova Scotia's holdings in Hilton Worldwide were worth $22,622,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of HLT. Principal Financial Group Inc. raised its position in shares of Hilton Worldwide by 15.3% in 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 during the period. JPMorgan Chase & Co. grew its position in shares of Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock valued at $1,952,314,000 after purchasing an additional 919,424 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Hilton Worldwide by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company's stock worth $1,456,893,000 after purchasing an additional 67,292 shares in the last quarter. Franklin Resources Inc. boosted its stake in Hilton Worldwide by 7.8% in the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company's stock worth $1,090,346,000 after purchasing an additional 320,550 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Hilton Worldwide by 5.1% in the fourth quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock worth $840,164,000 after buying an additional 164,461 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts recently weighed in on HLT shares. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $235.00 target price (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday. Barclays increased their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Mizuho restated a "neutral" rating and set a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Truist Financial lowered their price target on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Finally, Raymond James boosted their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $248.88.

Insiders Place Their Bets

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction that occurred on 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 transaction, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by insiders.

Hilton Worldwide Stock Up 1.1 %

NYSE:HLT traded up $2.36 during midday trading on Tuesday, hitting $212.49. The stock had a trading volume of 831,055 shares, compared to its average volume of 2,104,636. The stock has a 50-day moving average of $241.01 and a 200 day moving average of $244.11. The company has a market capitalization of $50.92 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's payout ratio is 9.76%.

About Hilton Worldwide

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.