Hilton Worldwide Holdings Inc. (NYSE:HLT) Position Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 223,989 shares of the company's stock after buying an additional 22,156 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of Hilton Worldwide worth $55,395,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Hurley Capital LLC acquired a new stake in Hilton Worldwide during the 4th quarter valued at approximately $1,864,000. Wedbush Securities Inc. acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $204,000. Envestnet Asset Management Inc. increased its stake in shares of Hilton Worldwide by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 480,755 shares of the company's stock worth $118,823,000 after buying an additional 13,661 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Hilton Worldwide by 21.5% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,983,220 shares of the company's stock valued at $490,173,000 after acquiring an additional 350,748 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in Hilton Worldwide during the 4th quarter valued at $18,260,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 1.2 %

NYSE HLT traded up $2.52 on Friday, hitting $212.44. The stock had a trading volume of 2,751,839 shares, compared to its average volume of 1,710,414. The company's 50-day moving average is $241.96 and its two-hundred day moving average is $244.21. The stock has a market cap of $50.90 billion, a price-to-earnings ratio of 34.54, a P/E/G ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22.

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

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.28%. The ex-dividend date was Friday, February 21st. Hilton Worldwide's payout ratio is currently 9.76%.

Analysts Set New Price Targets

HLT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Susquehanna upped their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Truist Financial decreased their target price on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Wells Fargo & Company upped their price target on Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 4th. Finally, Barclays lifted their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $251.50.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company'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 value of $10,928,745.99. Following the completion of the sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by insiders.

About Hilton Worldwide

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.