KBC Group NV Sells 6,992 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

KBC Group NV cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 12.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,400 shares of the company's stock after selling 6,992 shares during the period. KBC Group NV's holdings in Hilton Worldwide were worth $11,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Oppenheimer Asset Management Inc. lifted its position in Hilton Worldwide by 29.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,816 shares of the company's stock valued at $943,000 after purchasing an additional 876 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Hilton Worldwide by 8.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,417 shares of the company's stock worth $350,000 after buying an additional 109 shares during the period. US Bancorp DE lifted its position in shares of Hilton Worldwide by 0.6% during the 4th quarter. US Bancorp DE now owns 20,608 shares of the company's stock valued at $5,094,000 after buying an additional 114 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Hilton Worldwide by 14.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,880 shares of the company's stock valued at $715,000 after acquiring an additional 357 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in Hilton Worldwide by 194.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock worth $651,000 after acquiring an additional 1,740 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Wall Street Analyst Weigh In

HLT has been the topic of several analyst reports. Truist Financial lowered their price target 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. Evercore ISI lowered their target price on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. began coverage on Hilton Worldwide in a report on Monday, June 23rd. They set an "overweight" rating and a $282.00 price target on the stock. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $249.06.

Hilton Worldwide Trading Up 1.1%

Shares of HLT stock traded up $3.10 on Friday, reaching $273.21. The company's stock had a trading volume of 928,231 shares, compared to its average volume of 1,791,576. The stock's fifty day simple moving average is $248.88 and its 200-day simple moving average is $244.05. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $275.22. The company has a market capitalization of $64.94 billion, a price-to-earnings ratio of 43.09, a price-to-earnings-growth ratio of 3.05 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.11. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations 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 was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.53 EPS. Equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, May 26th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 0.23%. Hilton Worldwide's dividend payout ratio (DPR) is presently 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.