Capital Group Private Client Services Inc. Has $130.96 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Capital Group Private Client Services Inc. lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 529,840 shares of the company's stock after selling 16,661 shares during the period. Hilton Worldwide comprises 1.2% of Capital Group Private Client Services Inc.'s investment portfolio, making the stock its 19th largest holding. Capital Group Private Client Services Inc. owned about 0.22% of Hilton Worldwide worth $130,955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake 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 worth $2,479,354,000 after acquiring an additional 1,429,537 shares in the last quarter. Morse Asset Management Inc increased its holdings in shares of Hilton Worldwide by 3.9% in the 3rd quarter. Morse Asset Management Inc now owns 2,675 shares of the company's stock valued at $617,000 after purchasing an additional 100 shares during the period. Anchor Investment Management LLC boosted its holdings in shares of Hilton Worldwide by 97.0% during the third quarter. Anchor Investment Management LLC now owns 465 shares of the company's stock worth $107,000 after purchasing an additional 229 shares during the period. Eaton Financial Holdings Company LLC purchased a new position in Hilton Worldwide during the third quarter valued at approximately $669,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Hilton Worldwide in the 3rd quarter valued at approximately $765,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Evercore ISI decreased their target price on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research note on Wednesday. Truist Financial lowered their target price on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Raymond James raised their price target on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Macquarie boosted their price target on Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group cut their price objective on shares of Hilton Worldwide from $277.00 to $228.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $243.75.

Hilton Worldwide Trading Up 2.5 %

HLT traded up $5.18 during midday trading on Wednesday, reaching $215.82. The company's stock had a trading volume of 1,110,436 shares, compared to its average volume of 1,725,238. The company has a fifty day simple moving average of $233.77 and a 200 day simple moving average of $243.12. The stock has a market cap of $51.71 billion, a P/E ratio of 35.09, a PEG ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a twelve month low of $194.71 and a twelve month high of $275.22.

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

Hilton Worldwide Announces Dividend

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

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.60% of the company's stock.

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.