T. Rowe Price Investment Management Inc. Decreases Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

T. Rowe Price Investment Management Inc. trimmed its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,794,479 shares of the company's stock after selling 799,522 shares during the quarter. Hilton Worldwide accounts for 0.9% of T. Rowe Price Investment Management Inc.'s holdings, making the stock its 19th largest holding. T. Rowe Price Investment Management Inc. owned about 2.38% of Hilton Worldwide worth $1,432,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after acquiring an additional 1,429,537 shares in the last quarter. Morse Asset Management Inc raised its holdings in shares of Hilton Worldwide by 3.9% in the 3rd quarter. Morse Asset Management Inc now owns 2,675 shares of the company's stock valued at $617,000 after purchasing an additional 100 shares in the last quarter. Anchor Investment Management LLC raised its holdings in shares of Hilton Worldwide by 97.0% in the 3rd quarter. Anchor Investment Management LLC now owns 465 shares of the company's stock valued at $107,000 after purchasing an additional 229 shares in the last quarter. Eaton Financial Holdings Company LLC acquired a new position in shares of Hilton Worldwide during the third quarter worth $669,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Hilton Worldwide in the third quarter valued at $765,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the transaction, the insider now directly owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.60% of the company's stock.

Hilton Worldwide Trading Up 0.2 %

Shares of NYSE HLT traded up $0.36 during midday trading on Friday, reaching $219.72. 1,591,546 shares of the company were exchanged, compared to its average volume of 1,720,271. The stock has a market cap of $52.65 billion, a P/E ratio of 35.73, a PEG ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 1 year low of $194.93 and a 1 year high of $275.22. The stock has a fifty day simple moving average of $230.86 and a 200 day simple moving average of $242.74.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating 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, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. Hilton Worldwide's payout ratio is currently 9.76%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company lifted their price target on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Barclays decreased their target price on Hilton Worldwide from $287.00 to $233.00 and set an "overweight" rating for the company in a research note on Tuesday. Susquehanna increased their price target on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Truist Financial reduced their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $235.00 target price (down from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $243.75.

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.