Hilton Worldwide Holdings Inc. (NYSE:HLT) is Principal Financial Group Inc.'s 8th Largest Position

Principal Financial Group Inc. boosted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 15.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,756,416 shares of the company's stock after purchasing an additional 1,429,537 shares during the period. Hilton Worldwide comprises approximately 1.4% of Principal Financial Group Inc.'s portfolio, making the stock its 8th biggest holding. Principal Financial Group Inc. owned 4.30% of Hilton Worldwide worth $2,479,354,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake in Hilton Worldwide by 36.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company's stock worth $1,037,464,000 after purchasing an additional 1,282,676 shares during the period. Capital World Investors grew its position in shares of Hilton Worldwide by 66.3% during the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company's stock valued at $667,148,000 after purchasing an additional 1,246,662 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company's stock valued at $1,715,908,000 after buying an additional 761,104 shares during the period. International Assets Investment Management LLC increased its stake in Hilton Worldwide by 23,730.1% in the 3rd quarter. International Assets Investment Management LLC now owns 479,223 shares of the company's stock worth $1,104,610,000 after acquiring an additional 477,212 shares during the last quarter. Finally, PineStone Asset Management Inc. bought a new position in shares of Hilton Worldwide in the second quarter worth approximately $98,607,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HLT has been the topic of a number of research analyst reports. Barclays reduced their target price on Hilton Worldwide from $244.00 to $243.00 and set an "overweight" rating on the stock in a research note on Thursday, October 24th. TD Cowen decreased their price target on shares of Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Mizuho lifted their target price on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Evercore ISI upped their price target on shares of Hilton Worldwide from $210.00 to $240.00 and gave the company an "in-line" rating in a research report on Monday, October 21st. Finally, Robert W. Baird lifted their price objective on Hilton Worldwide from $235.00 to $236.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Hilton Worldwide has an average rating of "Hold" and an average target price of $228.71.

Hilton Worldwide Stock Performance

Shares of HLT traded down $0.23 during trading hours on Thursday, hitting $246.20. The company had a trading volume of 749,429 shares, compared to its average volume of 1,556,890. The stock has a market capitalization of $60.02 billion, a price-to-earnings ratio of 52.89, a P/E/G ratio of 2.93 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 52-week low of $156.06 and a 52-week high of $249.36. The firm has a fifty day moving average price of $228.97 and a 200-day moving average price of $216.21.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.07. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. Hilton Worldwide had a net margin of 10.70% and a negative return on equity of 60.85%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 earnings per share. Research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. Hilton Worldwide's payout ratio is currently 12.88%.

Insider Transactions at Hilton Worldwide

In other news, insider Laura Fuentes sold 4,919 shares of the company's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares of the company's stock, valued at $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the sale, the insider now directly owns 15,949 shares of the company's stock, valued at approximately $3,460,933. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of the firm's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the transaction, the insider now directly owns 22,833 shares of the company's stock, valued at approximately $5,382,423.09. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company's stock.

Hilton Worldwide Company 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.