Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by DnB Asset Management AS

DnB Asset Management AS increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,579 shares of the company’s stock after purchasing an additional 1,418 shares during the quarter. DnB Asset Management AS’s holdings in Hilton Worldwide were worth $10,524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $765,000. Jones Financial Companies Lllp lifted its holdings in Hilton Worldwide by 194.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock worth $651,000 after buying an additional 1,740 shares during the last quarter. Amundi boosted its position in shares of Hilton Worldwide by 24.2% during the 4th quarter. Amundi now owns 953,938 shares of the company’s stock worth $232,098,000 after acquiring an additional 185,765 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hilton Worldwide by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock worth $55,774,000 after acquiring an additional 4,846 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Hilton Worldwide by 3.1% in the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock valued at $1,012,069,000 after purchasing an additional 121,900 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Stock Down 2.8 %

HLT opened at $225.49 on Friday. The firm has a market cap of $54.03 billion, a P/E ratio of 36.67, a PEG ratio of 2.86 and a beta of 1.29. The business’s fifty day simple moving average is $250.94 and its 200 day simple moving average is $244.92. Hilton Worldwide Holdings Inc. has a 52 week low of $193.86 and a 52 week high of $275.22.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 (DPR) is 9.76%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total value 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. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

HLT has been the subject of several recent analyst reports. Truist Financial reduced their price objective on shares of 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 boosted their target price on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Wells Fargo & Company raised their price target on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Barclays raised their target price on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group upped their price target on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and an average price target of $254.53.

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.