Price T Rowe Associates Inc. MD Reduces Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Price T Rowe Associates Inc. MD lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 13.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,909,318 shares of the company's stock after selling 596,420 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.60% of Hilton Worldwide worth $966,229,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Noble Wealth Management PBC purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at $27,000. VSM Wealth Advisory LLC bought a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $34,000. Sierra Ocean LLC bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $36,000. Finally, Hopwood Financial Services Inc. purchased a new stake in Hilton Worldwide in the 4th quarter worth approximately $41,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HLT. Evercore ISI reduced their price target on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research report on Wednesday. Truist Financial reduced their target price on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Raymond James raised their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. The Goldman Sachs Group reissued a "neutral" rating and set a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Finally, Mizuho reaffirmed a "neutral" rating and issued a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and a consensus target price of $243.75.

Insider Buying and Selling

In related 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 $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is owned by insiders.

Hilton Worldwide Stock Performance

Shares of HLT stock traded up $0.36 on Friday, hitting $219.72. 1,591,546 shares of the company's stock traded hands, compared to its average volume of 1,720,864. The stock has a market capitalization of $52.65 billion, a price-to-earnings ratio of 35.73, a P/E/G ratio of 2.86 and a beta of 1.19. The company's fifty day simple moving average is $230.86 and its 200 day simple moving average is $242.78. Hilton Worldwide Holdings Inc. has a one year low of $194.93 and a one year 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 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.76%.

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.