Ilmarinen Mutual Pension Insurance Co Purchases 10,000 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Ilmarinen Mutual Pension Insurance Co grew its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,000 shares of the company's stock after acquiring an additional 10,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Hilton Worldwide were worth $11,122,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HLT. Principal Financial Group Inc. grew its stake in shares of 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 buying an additional 1,429,537 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Hilton Worldwide by 13.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock worth $1,952,314,000 after acquiring an additional 919,424 shares during the period. Geode Capital Management LLC raised its stake in Hilton Worldwide by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company's stock valued at $1,456,893,000 after acquiring an additional 67,292 shares during the period. Franklin Resources Inc. lifted its holdings in Hilton Worldwide by 7.8% during the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company's stock valued at $1,090,346,000 after purchasing an additional 320,550 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in 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 during the period. 95.90% of the stock is owned by institutional investors.

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Insider Activity

In related news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.50% of the company's stock.

Hilton Worldwide Trading Up 0.0 %

NYSE HLT traded up $0.07 during trading hours on Friday, hitting $209.99. 1,127,974 shares of the company's stock were exchanged, compared to its average volume of 1,702,650. The firm has a market cap of $50.32 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.86 and a beta of 1.19. The stock has a 50-day simple moving average of $242.89 and a 200 day simple moving average of $244.31. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (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 54.47%. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a $0.15 dividend. 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 0.29%. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.76%.

Wall Street Analysts Forecast Growth

HLT has been the topic of a number of recent research reports. Morgan Stanley increased their target price on Hilton Worldwide from $265.00 to $274.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Macquarie boosted 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. Raymond James raised their price target 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. Wells Fargo & Company boosted their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Finally, Truist Financial dropped their price target 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. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $251.50.

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.