DnB Asset Management AS Purchases 1,418 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

DnB Asset Management AS increased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,579 shares of the company's stock after acquiring an additional 1,418 shares during the quarter. DnB Asset Management AS's holdings in Hilton Worldwide were worth $10,524,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Level Four Advisory Services LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at approximately $266,000. New Age Alpha Advisors LLC boosted its position in shares of Hilton Worldwide by 7,615.7% in the fourth quarter. New Age Alpha Advisors LLC now owns 5,401 shares of the company's stock valued at $1,335,000 after acquiring an additional 5,331 shares during the period. Norges Bank acquired a new stake in shares of Hilton Worldwide in the fourth quarter worth $694,787,000. Caisse Des Depots ET Consignations bought a new position in Hilton Worldwide during the fourth quarter worth $1,091,000. Finally, NEOS Investment Management LLC raised its stake in Hilton Worldwide by 30.4% during the 4th quarter. NEOS Investment Management LLC now owns 16,003 shares of the company's stock valued at $3,955,000 after purchasing an additional 3,734 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by company insiders.

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Hilton Worldwide Stock Up 1.9 %

NYSE:HLT traded up $4.39 during mid-day trading on Wednesday, reaching $231.67. 1,209,753 shares of the company were exchanged, compared to its average volume of 1,826,381. The stock has a market cap of $55.51 billion, a PE ratio of 37.67, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12 month low of $193.86 and a 12 month high of $275.22. The company has a fifty day moving average of $250.15 and a 200 day moving average of $245.30.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released 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 research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.76%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HLT. Mizuho reaffirmed a "neutral" rating and set a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Morgan Stanley raised their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Raymond James boosted their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Barclays upped their target price on Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Finally, Truist Financial lowered their price target on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $254.53.

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.