Hilton Worldwide Holdings Inc. (NYSE:HLT) is Pelham Capital Ltd.'s Largest Position

Pelham Capital Ltd. trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 26.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,727 shares of the company's stock after selling 41,902 shares during the period. Hilton Worldwide makes up approximately 17.2% of Pelham Capital Ltd.'s holdings, making the stock its biggest holding. Pelham Capital Ltd.'s holdings in Hilton Worldwide were worth $29,345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hilton Worldwide during the third quarter worth about $765,000. Franklin Resources Inc. raised its holdings in Hilton Worldwide by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock worth $1,012,069,000 after buying an additional 121,900 shares during the period. Ashton Thomas Securities LLC bought a new position in Hilton Worldwide in the third quarter valued at approximately $38,000. Fiduciary Alliance LLC acquired a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $1,246,000. Finally, Dale Q Rice Investment Management Ltd acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $593,000. Institutional investors own 95.90% of the company's stock.

Insider Activity

In related news, insider Michael W. Duffy sold 23,366 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $251.66, for a total value of $5,880,287.56. Following the transaction, the insider now directly owns 22,833 shares of the company's stock, valued at approximately $5,746,152.78. This represents a 50.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction on 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 completion of the sale, the insider now directly owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.50% of the company's stock.

Hilton Worldwide Trading Up 1.6 %

NYSE HLT traded up $4.35 on Wednesday, hitting $273.47. The company's stock had a trading volume of 1,841,713 shares, compared to its average volume of 1,519,056. Hilton Worldwide Holdings Inc. has a 52-week low of $186.83 and a 52-week high of $274.53. The firm has a market cap of $66.67 billion, a P/E ratio of 44.47, a PEG ratio of 2.85 and a beta of 1.29. The company's 50-day simple moving average is $251.33 and its 200 day simple moving average is $236.86.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued 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 net margin of 13.74% and a negative return on equity of 57.01%. On average, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.76 EPS for the current fiscal year.

Hilton Worldwide announced that its board has approved a stock buyback plan on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to buy up to 5.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide's dividend payout ratio is 9.76%.

Analysts Set New Price Targets

HLT has been the subject of a number of research reports. Bank of America increased their target price on Hilton Worldwide from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Truist Financial boosted their target price on Hilton Worldwide from $208.00 to $220.00 and gave the company a "hold" rating in a research note on Thursday, October 24th. Jefferies Financial Group raised their price target on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a "hold" rating in a research note on Thursday, January 2nd. Melius lowered shares of Hilton Worldwide from a "buy" rating to a "hold" rating in a research report on Monday, October 21st. Finally, Macquarie raised their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Hilton Worldwide has a consensus rating of "Hold" and an average price target of $246.61.

About Hilton Worldwide

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.