73,755 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new stake 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. The institutional investor bought 73,755 shares of the company's stock, valued at approximately $18,260,000.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Hilton Worldwide in the 3rd quarter worth approximately $765,000. Jones Financial Companies Lllp increased its holdings in shares of Hilton Worldwide by 194.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock valued at $651,000 after purchasing an additional 1,740 shares during the period. Amundi lifted its holdings in shares of Hilton Worldwide by 24.2% during the fourth quarter. Amundi now owns 953,938 shares of the company's stock worth $232,098,000 after purchasing an additional 185,765 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hilton Worldwide by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock worth $55,774,000 after buying an additional 4,846 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Hilton Worldwide by 3.1% during the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock valued at $1,012,069,000 after purchasing an additional 121,900 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on HLT shares. Morgan Stanley lifted their price objective on Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Mizuho reissued a "neutral" rating and issued a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Susquehanna lifted their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Macquarie increased their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, Truist Financial cut their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a report on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide has a consensus rating of "Hold" and an average target price of $251.50.

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Insiders Place Their Bets

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the transaction, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company's stock.

Hilton Worldwide Stock Down 0.7 %

NYSE:HLT traded down $1.46 on Friday, reaching $208.46. The company's stock had a trading volume of 854,143 shares, compared to its average volume of 1,701,694. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22. The stock has a 50 day moving average price of $242.89 and a 200 day moving average price of $244.31. The firm has a market cap of $49.95 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating 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%. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's dividend 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.