Nebula Research & Development LLC increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,030 shares of the company's stock after purchasing an additional 1,379 shares during the period. Nebula Research & Development LLC's holdings in Hilton Worldwide were worth $2,726,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HLT. Principal Financial Group Inc. increased its holdings in shares of Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of 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 period. Capital International Investors increased its holdings in shares of Hilton Worldwide by 2.0% in the fourth quarter. Capital International Investors now owns 7,225,495 shares of the company's stock valued at $1,786,151,000 after purchasing an additional 142,620 shares during the period. Geode Capital Management LLC increased its holdings 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 valued at $1,456,893,000 after purchasing an additional 67,292 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of 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 buying an additional 320,550 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Stock Performance
Hilton Worldwide stock traded down $2.32 during midday trading on Wednesday, reaching $224.09. The company's stock had a trading volume of 1,094,433 shares, compared to its average volume of 2,127,363. Hilton Worldwide Holdings Inc. has a fifty-two week low of $194.93 and a fifty-two week high of $275.22. The stock's 50 day simple moving average is $229.06 and its 200 day simple moving average is $242.60. The firm has a market capitalization of $53.70 billion, a PE ratio of 36.44, a P/E/G ratio of 2.86 and a beta of 1.19.
Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.11. The company had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.73 billion. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 earnings per share. Equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were paid 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 payout ratio is 9.76%.
Wall Street Analyst Weigh In
HLT has been the topic of a number of recent research reports. Mizuho restated a "neutral" rating and issued a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Evercore ISI dropped their price objective on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Truist Financial dropped their price objective on Hilton Worldwide from $258.00 to $251.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company raised their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Finally, Susquehanna raised their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of "Hold" and a consensus price target of $244.31.
View Our Latest Research Report on Hilton Worldwide
Insider Activity at Hilton Worldwide
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the transaction, the insider now owns 77,383 shares of the company's stock, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company's stock.
Hilton Worldwide Profile
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Free Report)
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.
Further Reading
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