Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Bought by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. boosted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 31.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,434 shares of the company's stock after purchasing an additional 6,261 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Hilton Worldwide were worth $6,015,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HLT. JPMorgan Chase & Co. boosted its stake in shares of Hilton Worldwide by 13.2% in the 4th 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. Capital International Investors raised its stake in shares of Hilton Worldwide by 2.0% during the fourth quarter. Capital International Investors now owns 7,225,495 shares of the company's stock worth $1,786,151,000 after acquiring an additional 142,620 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Hilton Worldwide by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company's stock worth $1,456,893,000 after buying an additional 67,292 shares during the period. Franklin Resources Inc. lifted its stake in Hilton Worldwide by 7.8% in the fourth quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company's stock worth $1,090,346,000 after acquiring an additional 320,550 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased 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 in the last quarter. Institutional investors own 95.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on HLT. Barclays reduced their price objective on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group restated a "neutral" rating and set a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Truist Financial dropped their target price on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI lowered 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. Finally, Morgan Stanley lowered their price objective on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $249.06.

Hilton Worldwide Price Performance

HLT stock traded down $3.50 during trading on Monday, reaching $269.93. The company had a trading volume of 421,356 shares, compared to its average volume of 1,788,668. The company has a market cap of $64.16 billion, a P/E ratio of 42.57, a PEG ratio of 3.09 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $275.22. The business has a 50 day moving average of $249.95 and a 200 day moving average of $244.21.

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 13.90% and a negative return on equity of 49.50%. 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. Research analysts expect 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 was paid on Friday, June 27th. Shareholders of record on Monday, May 26th were paid a $0.15 dividend. The ex-dividend date was Friday, May 23rd. This represents a yield of 0.23%. Hilton Worldwide's dividend payout ratio (DPR) is 9.46%.

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.