AIA Group Ltd Boosts Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

AIA Group Ltd raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,465 shares of the company’s stock after purchasing an additional 263 shares during the quarter. AIA Group Ltd’s holdings in Hilton Worldwide were worth $5,058,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its position in Hilton Worldwide by 15.3% during 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 buying an additional 1,429,537 shares in the last quarter. Cerity Partners LLC boosted its position in Hilton Worldwide by 38.8% during the 3rd quarter. Cerity Partners LLC now owns 13,505 shares of the company’s stock worth $3,113,000 after purchasing an additional 3,773 shares during the period. Townsquare Capital LLC increased its holdings in Hilton Worldwide by 60.7% in the 3rd quarter. Townsquare Capital LLC now owns 6,289 shares of the company’s stock valued at $1,450,000 after purchasing an additional 2,376 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Hilton Worldwide by 120.3% in the third quarter. Rockefeller Capital Management L.P. now owns 53,235 shares of the company’s stock valued at $12,266,000 after purchasing an additional 29,065 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Hilton Worldwide by 15.6% in the third quarter. Captrust Financial Advisors now owns 17,105 shares of the company’s stock worth $3,943,000 after buying an additional 2,306 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

NYSE HLT opened at $225.49 on Monday. Hilton Worldwide Holdings Inc. has a 52-week low of $193.86 and a 52-week high of $275.22. The firm has a market capitalization of $54.03 billion, a price-to-earnings ratio of 36.67, a P/E/G ratio of 2.86 and a beta of 1.29. The company’s fifty day moving average is $250.94 and its two-hundred day moving average is $245.15.

Hilton Worldwide (NYSE:HLT) last issued its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Friday, February 21st. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Insider Buying and Selling at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction 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. The trade was a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HLT shares. Barclays raised their target price on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Macquarie upped their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Wells Fargo & Company lifted their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Susquehanna raised their target price on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Truist Financial cut their price target on 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide currently has a consensus rating of “Hold” and a consensus 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.