Caisse DE Depot ET Placement DU Quebec Reduces Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Caisse DE Depot ET Placement DU Quebec reduced its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 41.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 220,420 shares of the company's stock after selling 153,569 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.09% of Hilton Worldwide worth $54,479,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Hilton Worldwide during the fourth quarter valued at about $694,787,000. Principal Financial Group Inc. increased its stake in Hilton Worldwide by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. JPMorgan Chase & Co. lifted its position in Hilton Worldwide by 13.2% in the fourth quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock valued at $1,952,314,000 after purchasing an additional 919,424 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Hilton Worldwide by 26.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company's stock valued at $806,999,000 after purchasing an additional 685,023 shares during the period. Finally, Marshall Wace LLP raised its holdings in Hilton Worldwide by 426.9% during the 4th quarter. Marshall Wace LLP now owns 762,261 shares of the company's stock valued at $188,400,000 after buying an additional 617,604 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction dated 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 sale, the insider now directly owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. The trade was a 34.44 % 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. Insiders own 2.60% of the company's stock.

Hilton Worldwide Price Performance

Hilton Worldwide stock traded up $6.34 during midday trading on Wednesday, reaching $242.93. 606,586 shares of the company traded hands, compared to its average volume of 2,145,491. The business has a 50 day moving average of $226.70 and a two-hundred day moving average of $242.51. The firm has a market capitalization of $57.74 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 12 month low of $194.93 and a 12 month high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 EPS. As a group, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's payout ratio is 9.46%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HLT shares. Truist Financial dropped their target price on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Raymond James boosted their price target on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. The Goldman Sachs Group restated a "neutral" rating and issued a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Morgan Stanley decreased their target price on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Barclays dropped their price target on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and a consensus target price of $241.31.

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.