Polymer Capital Management HK LTD cut its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the company's stock after selling 2,000 shares during the quarter. Polymer Capital Management HK LTD's holdings in Hilton Worldwide were worth $2,472,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Hilton Worldwide by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after acquiring an additional 1,429,537 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Hilton Worldwide by 13.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock valued at $1,952,314,000 after purchasing an additional 919,424 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Hilton Worldwide by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company's stock valued at $1,456,893,000 after purchasing an additional 67,292 shares during the period. Franklin Resources Inc. increased its stake in Hilton Worldwide by 7.8% in the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company's stock worth $1,090,346,000 after purchasing an additional 320,550 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Hilton Worldwide by 5.1% during the 4th quarter. Jennison Associates LLC now owns 3,399,270 shares of the company's stock worth $840,164,000 after buying an additional 164,461 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 77,383 shares of the company's stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.50% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Susquehanna lifted their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Macquarie boosted their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Raymond James lifted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, Wells Fargo & Company increased their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $251.50.
View Our Latest Analysis on Hilton Worldwide
Hilton Worldwide Trading Up 0.8 %
Hilton Worldwide stock traded up $1.76 during trading hours on Friday, reaching $211.68. 1,360,003 shares of the company were exchanged, compared to its average volume of 1,703,398. Hilton Worldwide Holdings Inc. has a 12 month low of $193.86 and a 12 month high of $275.22. The firm has a market cap of $50.72 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 2.86 and a beta of 1.19. The stock has a 50-day moving average of $242.89 and a 200 day moving average of $244.31.
Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's dividend payout ratio (DPR) is currently 9.76%.
About Hilton Worldwide
(
Free Report)
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.
Further Reading
Before you consider Hilton Worldwide, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hilton Worldwide wasn't on the list.
While Hilton Worldwide currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
