GFI Investment Counsel Ltd. Purchases 4,355 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

GFI Investment Counsel Ltd. grew its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270,279 shares of the company's stock after purchasing an additional 4,355 shares during the period. Hilton Worldwide accounts for about 7.7% of GFI Investment Counsel Ltd.'s investment portfolio, making the stock its 6th largest position. GFI Investment Counsel Ltd. owned about 0.11% of Hilton Worldwide worth $66,802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Hilton Worldwide by 13.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock valued at $1,952,314,000 after acquiring an additional 919,424 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Hilton Worldwide by 7.8% during the fourth 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 last quarter. Jennison Associates LLC lifted its stake 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 acquiring an additional 164,461 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Hilton Worldwide by 26.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company's stock valued at $806,999,000 after purchasing an additional 685,023 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

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Hilton Worldwide Price Performance

Shares of HLT stock traded down $14.03 during trading hours on Thursday, reaching $217.35. The stock had a trading volume of 4,213,269 shares, compared to its average volume of 1,625,737. The firm has a 50-day simple moving average of $249.83 and a 200-day simple moving average of $245.21. The firm has a market capitalization of $52.08 billion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22.

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

Hilton Worldwide Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on HLT shares. Truist Financial cut their target price on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company upped their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Jefferies Financial Group boosted their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a "hold" rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. increased their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Finally, Macquarie increased their target price on Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of "Hold" and a consensus target price of $254.53.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred 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 directly owns 77,383 shares in the company, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.50% of the company's stock.

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.