Chevy Chase Trust Holdings LLC Trims Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Chevy Chase Trust Holdings LLC lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 126,206 shares of the company's stock after selling 1,752 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Hilton Worldwide worth $28,718,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position 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 raised its holdings in Hilton Worldwide by 24.2% during the 4th quarter. Amundi now owns 953,938 shares of the company's stock valued at $232,098,000 after acquiring an additional 185,765 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hilton Worldwide by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock worth $55,774,000 after acquiring an additional 4,846 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Hilton Worldwide in the first quarter worth $314,000. Finally, SVB Wealth LLC purchased a new position in shares of Hilton Worldwide in the fourth quarter valued at $1,138,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Barclays cut their target price on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Truist Financial decreased their target price on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley cut their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Evercore ISI decreased their price target on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $249.06.

Hilton Worldwide Stock Performance

HLT traded up $4.19 during midday trading on Thursday, hitting $257.91. The stock had a trading volume of 1,584,666 shares, compared to its average volume of 1,761,188. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $275.22. The business has a fifty day moving average of $242.25 and a 200 day moving average of $243.50. The company has a market cap of $61.30 billion, a P/E ratio of 40.68, a price-to-earnings-growth ratio of 2.89 and a beta of 1.24.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.11. The firm had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.73 billion. Hilton Worldwide had a negative return on equity of 49.50% and a net margin of 13.90%. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.53 earnings per share. On average, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, May 26th will be issued a $0.15 dividend. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, May 23rd. Hilton Worldwide's dividend payout ratio is 9.46%.

Hilton Worldwide Company 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.