Swiss National Bank decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 696,179 shares of the company's stock after selling 45,900 shares during the quarter. Swiss National Bank owned approximately 0.29% of Hilton Worldwide worth $172,068,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of HLT. FMR LLC lifted its stake in shares of Hilton Worldwide by 2.1% during the third quarter. FMR LLC now owns 11,215,391 shares of the company's stock valued at $2,585,148,000 after acquiring an additional 226,223 shares during the period. Principal Financial Group Inc. lifted its position in 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 during the period. Franklin Resources Inc. boosted its stake in shares of Hilton Worldwide by 3.1% in the 3rd 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 last quarter. Jennison Associates LLC grew its position in shares of 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. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Hilton Worldwide by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,597,137 shares of the company's stock worth $394,748,000 after buying an additional 39,786 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.
Insider Activity at Hilton Worldwide
In related news, insider Christopher J. Nassetta sold 40,653 shares of the firm's 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 transaction, the insider now directly owns 77,383 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research firms have commented on HLT. 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 report on Tuesday, February 25th. Barclays lifted their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Morgan Stanley increased their target price on Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group boosted their target price on Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $250.61.
View Our Latest Research Report on Hilton Worldwide
Hilton Worldwide Stock Performance
Hilton Worldwide stock traded up $4.96 during midday trading on Monday, reaching $234.33. The stock had a trading volume of 2,486,595 shares, compared to its average volume of 1,516,308. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22. The firm's fifty day simple moving average is $253.37 and its 200-day simple moving average is $244.02. The stock has a market capitalization of $56.38 billion, a P/E ratio of 38.10, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.
Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (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%. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 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, March 28th. Stockholders of record on Friday, February 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, February 21st. Hilton Worldwide's payout ratio is 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.
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