Geode Capital Management LLC Grows Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Geode Capital Management LLC raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,910,042 shares of the company's stock after acquiring an additional 67,292 shares during the period. Geode Capital Management LLC owned about 2.42% of Hilton Worldwide worth $1,456,893,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HLT. Palumbo Wealth Management LLC grew its stake in shares of Hilton Worldwide by 2.0% during the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock valued at $528,000 after buying an additional 41 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in Hilton Worldwide by 1.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock worth $799,000 after purchasing an additional 43 shares during the period. Versant Capital Management Inc lifted its position in Hilton Worldwide by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company's stock valued at $92,000 after purchasing an additional 48 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Hilton Worldwide by 2.8% during the fourth quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock valued at $444,000 after purchasing an additional 49 shares during the period. Finally, Angeles Wealth Management LLC grew its holdings in shares of Hilton Worldwide by 3.7% in the fourth quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company's stock worth $351,000 after purchasing an additional 51 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total value 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 $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HLT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Morgan Stanley raised their target price on Hilton Worldwide from $265.00 to $274.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Wells Fargo & Company increased their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. The Goldman Sachs Group boosted their target price on Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Mizuho reiterated a "neutral" rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of "Hold" and a consensus price target of $254.53.

Hilton Worldwide Price Performance

Hilton Worldwide stock traded down $14.03 during mid-day trading on Thursday, reaching $217.35. The stock had a trading volume of 4,213,269 shares, compared to its average volume of 1,627,579. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22. The company has a 50-day moving average price of $249.17 and a two-hundred day moving average price of $245.02. The company has a market capitalization of $52.08 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.86 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly 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, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.15 per share. 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 payout ratio is currently 9.76%.

Hilton Worldwide Company 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.