Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 24.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 408,555 shares of the company's stock after purchasing an additional 79,499 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.17% of Hilton Worldwide worth $94,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HLT. Principal Financial Group Inc. raised 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 buying an additional 1,429,537 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Hilton Worldwide by 36.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company's stock worth $1,037,464,000 after purchasing an additional 1,282,676 shares during the last quarter. Capital World Investors boosted its holdings in Hilton Worldwide by 66.3% in the first quarter. Capital World Investors now owns 3,127,600 shares of the company's stock valued at $667,148,000 after purchasing an additional 1,246,662 shares during the last quarter. Jennison Associates LLC grew its position in Hilton Worldwide by 33.2% during the 3rd quarter. Jennison Associates LLC now owns 3,234,809 shares of the company's stock worth $745,624,000 after purchasing an additional 806,029 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Hilton Worldwide by 23,730.1% during the 3rd quarter. International Assets Investment Management LLC now owns 479,223 shares of the company's stock valued at $1,104,610,000 after buying an additional 477,212 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Performance

NYSE HLT opened at $250.14 on Thursday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $165.25 and a fifty-two week high of $255.86. The firm has a market capitalization of $60.98 billion, a P/E ratio of 53.68, a price-to-earnings-growth ratio of 3.14 and a beta of 1.30. The stock's fifty day moving average is $235.80 and its two-hundred day moving average is $219.71.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.07. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.90 billion. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. Hilton Worldwide's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 earnings per share. As a group, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7 EPS for the current year.

Hilton Worldwide announced that its Board of Directors has initiated a stock buyback program on Thursday, November 14th that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. Hilton Worldwide's dividend payout ratio is currently 12.88%.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of the business's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $217.00, for a total value of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares of the company's stock, valued at approximately $3,460,933. The trade was a 23.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the sale, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. The trade was a 38.60 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company's stock.

Analyst Ratings Changes

HLT has been the topic of a number of recent research reports. Truist Financial raised their target price on Hilton Worldwide from $208.00 to $220.00 and gave the stock a "hold" rating in a report on Thursday, October 24th. Barclays cut their target price on shares of Hilton Worldwide from $244.00 to $243.00 and set an "overweight" rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Hilton Worldwide from $185.00 to $181.00 and set a "hold" rating on the stock in a research report on Thursday, August 8th. Macquarie upped their price objective on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. Finally, Mizuho raised their target price on Hilton Worldwide from $237.00 to $243.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $228.71.

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.

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