Meiji Yasuda Asset Management Co Ltd. cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,416 shares of the company's stock after selling 1,223 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Hilton Worldwide were worth $844,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake 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 valued at $2,479,354,000 after buying an additional 1,429,537 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Hilton Worldwide by 3.1% in the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock worth $1,012,069,000 after acquiring an additional 121,900 shares during the period. Jennison Associates LLC grew its position in shares of Hilton Worldwide by 5.1% during the fourth quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock worth $840,164,000 after purchasing an additional 164,461 shares in the last quarter. TD Asset Management Inc. raised its stake in Hilton Worldwide by 5.0% during the 4th quarter. TD Asset Management Inc. now owns 1,938,977 shares of the company's stock valued at $479,238,000 after purchasing an additional 91,944 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Hilton Worldwide by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,597,137 shares of the company's stock worth $394,748,000 after purchasing an additional 39,786 shares in the last quarter. Institutional investors own 95.90% of the company's stock.
Hilton Worldwide Trading Down 0.1 %
Shares of HLT traded down $0.34 during trading hours on Tuesday, reaching $227.21. 2,005,593 shares of the company traded hands, compared to its average volume of 1,615,047. The stock's fifty day moving average price is $250.15 and its 200 day moving average price is $245.30. The firm has a market cap of $54.44 billion, a price-to-earnings ratio of 36.95, 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.
Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (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, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.
Hilton Worldwide Announces Dividend
The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide's payout ratio is currently 9.76%.
Insider Buying and Selling at Hilton Worldwide
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the firm's stock in a transaction dated 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 transaction, the insider now 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on HLT. JPMorgan Chase & Co. lifted their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Truist Financial reduced 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. Susquehanna raised their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. 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 research note on Tuesday, February 4th. Finally, Barclays lifted their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $254.53.
Read Our Latest Report on HLT
Hilton Worldwide Profile
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Free Report)
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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