Canada Post Corp Registered Pension Plan Buys Shares of 11,939 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Canada Post Corp Registered Pension Plan bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,939 shares of the company's stock, valued at approximately $2,951,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in Hilton Worldwide by 15.3% in 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 acquiring an additional 1,429,537 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Hilton Worldwide by 13.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock valued at $1,952,314,000 after buying an additional 919,424 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Hilton Worldwide by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company's stock worth $1,456,893,000 after acquiring an additional 67,292 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Hilton Worldwide by 7.8% during the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company's stock worth $1,090,346,000 after acquiring an additional 320,550 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Hilton Worldwide by 5.1% during the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock valued at $840,164,000 after acquiring an additional 164,461 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Up 0.6 %

NYSE HLT traded up $1.34 during trading hours on Friday, hitting $210.43. 2,144,466 shares of the company were exchanged, compared to its average volume of 1,725,189. The company has a 50 day moving average of $236.33 and a two-hundred day moving average of $243.55. The firm has a market cap of $50.42 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 52-week low of $194.12 and a 52-week 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 net margin of 13.74% and a negative return on equity of 54.47%. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

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

Insider Activity

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the firm's 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 transaction, the insider now owns 77,383 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HLT. Truist Financial cut their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Barclays lifted their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Susquehanna lifted their target price on Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. 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 report on Tuesday, March 4th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $248.88.

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.