Ontario Teachers Pension Plan Board Has $500,000 Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Ontario Teachers Pension Plan Board cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 39.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,022 shares of the company's stock after selling 1,343 shares during the period. Ontario Teachers Pension Plan Board's holdings in Hilton Worldwide were worth $500,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth about $694,787,000. Principal Financial Group Inc. raised 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 purchasing an additional 1,429,537 shares in the last quarter. JPMorgan Chase & Co. increased its position in Hilton Worldwide by 13.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock worth $1,952,314,000 after buying an additional 919,424 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Hilton Worldwide by 26.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company's stock worth $806,999,000 after acquiring an additional 685,023 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Hilton Worldwide by 2,746.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company's stock worth $133,487,000 after purchasing an additional 484,436 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HLT. Macquarie upped their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Barclays increased their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" 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. Truist Financial decreased their target price on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Finally, Wells Fargo & Company raised their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $246.81.

Hilton Worldwide Trading Up 2.0 %

Shares of HLT stock traded up $4.18 on Tuesday, hitting $208.77. The stock had a trading volume of 240,365 shares, compared to its average volume of 2,112,627. Hilton Worldwide Holdings Inc. has a twelve month low of $194.71 and a twelve month high of $275.22. The company has a fifty day moving average price of $234.95 and a two-hundred day moving average price of $243.34. The firm has a market cap of $50.02 billion, a P/E ratio of 33.96, a PEG ratio of 2.86 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results 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 net margin of 13.74% and a negative return on equity of 54.47%. On average, analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors 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 annualized dividend and a dividend yield of 0.29%. Hilton Worldwide's dividend payout ratio is presently 9.76%.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now owns 77,383 shares of the company's stock, valued at $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by corporate insiders.

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.