Capital International Investors Increases Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Capital International Investors raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,225,495 shares of the company’s stock after acquiring an additional 142,620 shares during the quarter. Capital International Investors owned 2.96% of Hilton Worldwide worth $1,786,151,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in shares of Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after acquiring an additional 1,429,537 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 last quarter. Geode Capital Management LLC raised its position in shares of Hilton Worldwide by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company’s stock worth $1,456,893,000 after purchasing an additional 67,292 shares during the last quarter. Franklin Resources Inc. grew its holdings in Hilton Worldwide by 7.8% during the 4th quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company’s stock valued at $1,090,346,000 after buying an additional 320,550 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Hilton Worldwide by 5.1% during the fourth quarter. Jennison Associates LLC now owns 3,399,270 shares of the company’s stock valued at $840,164,000 after acquiring an additional 164,461 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Trading Up 0.6 %

Shares of Hilton Worldwide stock opened at $210.43 on Friday. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22. The stock has a market cap of $50.42 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. The company has a fifty day moving average price of $237.50 and a 200 day moving average price of $243.51.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Analysts forecast 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 quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were paid a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HLT shares. Susquehanna raised their price target on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Truist Financial lowered their price objective on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Raymond James raised their price target on Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. 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 note on Monday. Finally, Wells Fargo & Company raised 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. Twelve investment 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, Hilton Worldwide presently has an average rating of “Hold” and an average target price of $248.88.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Company 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.