Wellington Management Group LLP Has $351.70 Million Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Wellington Management Group LLP lowered its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,422,982 shares of the company's stock after selling 51,992 shares during the quarter. Wellington Management Group LLP owned 0.59% of Hilton Worldwide worth $351,704,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in Hilton Worldwide during the 3rd quarter worth approximately $765,000. Jones Financial Companies Lllp lifted its position in Hilton Worldwide by 194.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock valued at $651,000 after acquiring an additional 1,740 shares in the last quarter. Amundi boosted its stake in Hilton Worldwide by 24.2% in the 4th 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 increased its holdings 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 purchasing an additional 4,846 shares in the last quarter. Finally, Franklin Resources Inc. raised 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 period. Institutional investors own 95.90% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HLT shares. JPMorgan Chase & Co. upped their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Wells Fargo & Company raised their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Morgan Stanley boosted their price objective on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Macquarie upped their target price on 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 lowered their target price on shares of Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of "Hold" and an average price target of $254.53.

Hilton Worldwide Stock Down 6.1 %

Shares of Hilton Worldwide stock traded down $14.03 on Thursday, hitting $217.35. The stock had a trading volume of 4,213,269 shares, compared to its average volume of 1,627,579. The stock has a market cap of $52.08 billion, a price-to-earnings ratio of 35.34, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. The business's 50 day moving average is $249.17 and its two-hundred day moving average is $245.02. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share 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%. As a group, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal 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 given a dividend of $0.15 per share. The ex-dividend date was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. Hilton Worldwide's payout ratio is presently 9.76%.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by company insiders.

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.