Hsbc Holdings PLC Boosts Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Hsbc Holdings PLC increased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 445,863 shares of the company's stock after acquiring an additional 3,543 shares during the quarter. Hsbc Holdings PLC owned about 0.18% of Hilton Worldwide worth $110,353,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Noble Wealth Management PBC bought a new stake in shares of Hilton Worldwide in the 4th quarter valued at $27,000. VSM Wealth Advisory LLC acquired a new stake in Hilton Worldwide during the 4th quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Hilton Worldwide in the 4th quarter worth about $34,000. Sierra Ocean LLC acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at about $36,000. Finally, Hopwood Financial Services Inc. bought a new stake in Hilton Worldwide in the fourth quarter worth approximately $41,000. 95.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on HLT shares. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $235.00 price objective (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Morgan Stanley decreased their price target on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Barclays cut their price objective on shares of Hilton Worldwide from $287.00 to $233.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Evercore ISI decreased their target price on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Finally, Truist Financial cut their price target on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $243.75.

Hilton Worldwide Price Performance

Shares of NYSE:HLT traded up $4.09 during trading on Tuesday, hitting $225.69. 1,367,898 shares of the company were exchanged, compared to its average volume of 1,723,649. The company has a market cap of $54.08 billion, a PE ratio of 36.66, a P/E/G ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 52-week low of $194.93 and a 52-week high of $275.22. The stock has a 50 day moving average of $229.90 and a 200 day moving average of $242.71.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.73 billion. During the same period in the previous year, the business earned $1.53 earnings per share. The firm's revenue was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, February 21st. Hilton Worldwide's dividend payout ratio is currently 9.76%.

Insiders Place Their Bets

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares of the company's stock, valued at $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by 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.