Norges Bank Buys Shares of 2,811,080 Hilton Worldwide Holdings Inc. (NYSE:HLT)

Norges Bank acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,811,080 shares of the company's stock, valued at approximately $694,787,000. Norges Bank owned about 1.15% of Hilton Worldwide at the end of the most recent quarter.

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

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Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their price target on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Truist Financial decreased their target price on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Wells Fargo & Company upped their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Finally, Mizuho reissued a "neutral" rating and issued a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and a consensus price target of $254.53.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide 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 transaction, the insider now directly owns 77,383 shares of the company's stock, valued at $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 can be accessed through the SEC website. 2.50% of the stock is owned by insiders.

Hilton Worldwide Stock Performance

Shares of NYSE HLT traded up $0.19 during trading hours on Tuesday, reaching $227.74. 630,700 shares of the stock were exchanged, compared to its average volume of 1,816,280. The firm has a market capitalization of $54.57 billion, a price-to-earnings ratio of 36.98, a P/E/G ratio of 2.86 and a beta of 1.29. The stock's fifty day simple moving average is $250.55 and its 200 day simple moving average is $245.23. 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 announced its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping 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%. Research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's payout ratio is currently 9.76%.

Hilton Worldwide 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.