JPMorgan Chase & Co. Grows Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

JPMorgan Chase & Co. boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 13.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,898,986 shares of the company’s stock after purchasing an additional 919,424 shares during the period. JPMorgan Chase & Co. owned approximately 3.24% of Hilton Worldwide worth $1,952,314,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Noble Wealth Management PBC purchased a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $27,000. VSM Wealth Advisory LLC acquired a new position in Hilton Worldwide in the 4th quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Hilton Worldwide during the 4th quarter worth $34,000. Groupama Asset Managment lifted its stake in shares of Hilton Worldwide by 37.8% in the 3rd quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after acquiring an additional 4,118 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $36,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Down 1.2 %

NYSE HLT opened at $232.10 on Friday. The stock has a market cap of $55.84 billion, a price-to-earnings ratio of 37.74, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22. The business has a fifty day moving average of $251.36 and a 200-day moving average of $244.61.

Hilton Worldwide (NYSE:HLT) last released 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 net margin of 13.74% and a negative return on equity of 54.47%. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide’s payout ratio is currently 9.76%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s 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 sale, the insider now directly owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Mizuho reissued a “neutral” rating and issued a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Jefferies Financial Group upped their price objective on Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Raymond James raised 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. Finally, Truist Financial lowered their price target on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $254.53.

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.