Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,340,173 shares of the company's stock after selling 399,083 shares during the quarter. Legal & General Group Plc owned 0.55% of Hilton Worldwide worth $331,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of HLT. Principal Financial Group Inc. boosted its holdings in shares of Hilton Worldwide by 15.3% during the 3rd 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 during the last quarter. Morse Asset Management Inc boosted its holdings in Hilton Worldwide by 3.9% in the third quarter. Morse Asset Management Inc now owns 2,675 shares of the company's stock worth $617,000 after purchasing an additional 100 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Hilton Worldwide by 240.5% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 5,196 shares of the company's stock worth $1,198,000 after purchasing an additional 3,670 shares during the period. Orion Portfolio Solutions LLC raised its stake in Hilton Worldwide by 3.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,010 shares of the company's stock valued at $1,616,000 after buying an additional 244 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Hilton Worldwide by 3.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 73,048 shares of the company's stock valued at $16,838,000 after buying an additional 2,613 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Hilton Worldwide

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 transaction of $10,928,745.99. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HLT has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Raymond James upped their price target on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Truist Financial dropped their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a report on Friday, March 21st. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $235.00 target price (down from $296.00) on shares of Hilton Worldwide in a report on Monday. Finally, Mizuho reiterated a "neutral" rating and set a $263.00 price target (up previously 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 assigned a buy rating to the company. Based on data from MarketBeat, Hilton Worldwide presently has a consensus rating of "Hold" and an average price target of $248.88.

Hilton Worldwide Trading Down 1.1 %

Shares of HLT traded down $2.42 during midday trading on Monday, reaching $209.99. 976,793 shares of the stock were exchanged, compared to its average volume of 1,708,395. The company has a market capitalization of $50.32 billion, a P/E ratio of 34.14, a PEG ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 52 week low of $193.86 and a 52 week high of $275.22. The company's 50 day moving average is $241.96 and its two-hundred day moving average is $244.28.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were issued 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 payout ratio is 9.76%.

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.