Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 15.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,411,699 shares of the company's stock after purchasing an additional 327,267 shares during the quarter. Northern Trust Corp owned approximately 0.99% of Hilton Worldwide worth $596,076,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HLT. Optiver Holding B.V. lifted its holdings in shares of Hilton Worldwide by 127.1% during the 4th quarter. Optiver Holding B.V. now owns 218 shares of the company's stock worth $54,000 after acquiring an additional 122 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in Hilton Worldwide in the fourth quarter worth approximately $201,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $2,753,000. Coldstream Capital Management Inc. boosted its position in Hilton Worldwide by 2.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,705 shares of the company's stock valued at $916,000 after buying an additional 91 shares during the period. Finally, Nebula Research & Development LLC boosted its holdings in Hilton Worldwide by 14.3% during the 4th quarter. Nebula Research & Development LLC now owns 11,030 shares of the company's stock valued at $2,726,000 after acquiring an additional 1,379 shares during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Performance

HLT traded up $7.02 on Friday, hitting $241.11. The company had a trading volume of 2,992,440 shares, compared to its average volume of 1,749,946. Hilton Worldwide Holdings Inc. has a 12-month low of $194.93 and a 12-month high of $275.22. The stock has a market capitalization of $57.77 billion, a price-to-earnings ratio of 39.20, a P/E/G ratio of 2.86 and a beta of 1.19. The stock has a fifty day moving average price of $227.89 and a 200-day moving average price of $242.45.

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

Hilton Worldwide Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.25%. Hilton Worldwide's dividend payout ratio is presently 9.76%.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

HLT has been the subject of a number of research reports. Barclays lowered their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a report on Wednesday. Wells Fargo & Company upped their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Truist Financial dropped their price objective on shares of Hilton Worldwide from $251.00 to $223.00 and set a "hold" rating on the stock in a research note on Wednesday. Susquehanna lifted their price target on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Finally, Robert W. Baird boosted their target price on Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hilton Worldwide currently has an average rating of "Hold" and a consensus price target of $241.31.

About Hilton Worldwide

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.