Envestnet Asset Management Inc. Buys 13,661 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Envestnet Asset Management Inc. lifted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,755 shares of the company's stock after buying an additional 13,661 shares during the quarter. Envestnet Asset Management Inc. owned about 0.20% of Hilton Worldwide worth $118,823,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HLT. Principal Financial Group Inc. increased its position 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 worth $2,479,354,000 after buying an additional 1,429,537 shares during the last quarter. JPMorgan Chase & Co. raised 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 during the period. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 67,292 shares during the period. Franklin Resources Inc. raised its holdings in Hilton Worldwide by 7.8% in the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company's stock valued at $1,090,346,000 after acquiring an additional 320,550 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Hilton Worldwide by 5.1% during the fourth quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock worth $840,164,000 after acquiring an additional 164,461 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

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Insider Transactions at Hilton Worldwide

In related 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 value of $10,928,745.99. Following the transaction, the insider now owns 77,383 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.50% of the company's stock.

Hilton Worldwide Stock Up 1.2 %

Shares of HLT stock traded up $2.52 during mid-day trading on Friday, reaching $212.44. 2,751,839 shares of the stock traded hands, compared to its average volume of 1,710,703. The stock's fifty day simple moving average is $241.96 and its two-hundred day simple moving average is $244.28. The company has a market cap of $50.90 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. 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 released its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (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%. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley boosted their price target on Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Raymond James boosted their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Susquehanna boosted their price target on Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Truist Financial cut 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. Finally, Barclays increased their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $251.50.

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.