National Bank of Canada FI Sells 12,515 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

National Bank of Canada FI trimmed its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,127 shares of the company's stock after selling 12,515 shares during the period. National Bank of Canada FI's holdings in Hilton Worldwide were worth $29,691,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Noble Wealth Management PBC acquired a new position in shares of Hilton Worldwide in the 4th quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Hilton Worldwide during the 4th quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Hilton Worldwide in the fourth quarter valued at about $34,000. Groupama Asset Managment boosted its position in Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock valued at $35,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds 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 Hilton Worldwide stock in a transaction dated 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 sale, the insider now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.50% of the company's stock.

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Analyst Ratings Changes

Several brokerages have commented on HLT. JPMorgan Chase & Co. boosted their price objective on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Barclays boosted their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Jefferies Financial Group upped their price target on Hilton Worldwide from $237.00 to $277.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Raymond James upped their target price on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, Truist Financial dropped their target price 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. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $254.56.

Hilton Worldwide Price Performance

Shares of Hilton Worldwide stock traded down $4.88 on Monday, reaching $203.97. 2,209,031 shares of the company traded hands, compared to its average volume of 1,646,833. The company has a 50 day moving average of $248.39 and a 200 day moving average of $245.29. Hilton Worldwide Holdings Inc. has a 52 week low of $193.86 and a 52 week high of $275.22. The firm has a market capitalization of $48.87 billion, a PE ratio of 32.91, a PEG ratio of 2.86 and a beta of 1.19.

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

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Friday, February 21st. Hilton Worldwide's payout ratio is presently 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.