KLP Kapitalforvaltning AS Purchases Shares of 112,360 Hilton Worldwide Holdings Inc. (NYSE:HLT)

KLP Kapitalforvaltning AS bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 112,360 shares of the company's stock, valued at approximately $27,771,000.

Several other large investors also recently bought and sold shares of HLT. Palumbo Wealth Management LLC grew its stake in shares of Hilton Worldwide by 2.0% in the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock worth $528,000 after buying an additional 41 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of Hilton Worldwide by 1.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock valued at $799,000 after acquiring an additional 43 shares during the last quarter. Versant Capital Management Inc grew its position in Hilton Worldwide by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company's stock worth $92,000 after acquiring an additional 48 shares in the last quarter. Arkadios Wealth Advisors increased its stake in Hilton Worldwide by 2.8% during the fourth quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock worth $444,000 after acquiring an additional 49 shares during the last quarter. Finally, Angeles Wealth Management LLC lifted its stake in shares of Hilton Worldwide by 3.7% in the 4th quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company's stock valued at $351,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 95.90% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently weighed in on HLT. Macquarie boosted their target price on Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Barclays boosted their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Mizuho restated a "neutral" rating and issued a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. The Goldman Sachs Group upped their price target on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $254.53.

Insider Activity

In other 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 value of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.50% of the company's stock.

Hilton Worldwide Trading Up 0.0 %

Shares of HLT traded up $0.01 during midday trading on Wednesday, reaching $234.68. 1,735,331 shares of the stock were exchanged, compared to its average volume of 1,532,293. The company's 50 day moving average is $251.65 and its two-hundred day moving average is $244.69. The company has a market capitalization of $56.46 billion, a P/E ratio of 38.16, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 52 week low of $193.86 and a 52 week high of $275.22.

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

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.76%.

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.