First Trust Advisors LP Has $24.63 Million Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

First Trust Advisors LP trimmed its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 26.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,650 shares of the company's stock after selling 34,980 shares during the quarter. First Trust Advisors LP's holdings in Hilton Worldwide were worth $24,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in shares of 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Hilton Worldwide by 13.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock worth $1,952,314,000 after purchasing an additional 919,424 shares in the last quarter. Capital International Investors raised its holdings in shares of Hilton Worldwide by 2.0% in the 4th quarter. Capital International Investors now owns 7,225,495 shares of the company's stock worth $1,786,151,000 after purchasing an additional 142,620 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hilton Worldwide by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company's stock worth $1,456,893,000 after purchasing an additional 67,292 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Hilton Worldwide by 7.8% in the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company's stock worth $1,090,346,000 after purchasing an additional 320,550 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HLT has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Barclays dropped their target price on shares of Hilton Worldwide from $287.00 to $233.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group dropped their target price on shares of Hilton Worldwide from $277.00 to $228.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Raymond James lifted their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, Mizuho reissued a "neutral" rating and issued a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $243.75.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Hilton Worldwide Trading Up 2.0 %

NYSE HLT traded up $4.41 during trading on Tuesday, reaching $226.01. The company's stock had a trading volume of 3,078,914 shares, compared to its average volume of 1,730,195. The stock has a market capitalization of $54.16 billion, a PE ratio of 36.75, a PEG ratio of 2.86 and a beta of 1.19. The business has a 50-day moving average price of $229.90 and a 200-day moving average price of $242.71. Hilton Worldwide Holdings Inc. has a 1-year low of $194.93 and a 1-year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.11. The firm had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The company's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.53 earnings per share. As a group, analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders 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 yield of 0.27%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's dividend payout ratio (DPR) is 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.