Russell Investments Group Ltd. Trims Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Russell Investments Group Ltd. reduced its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,748 shares of the company’s stock after selling 14,243 shares during the period. Russell Investments Group Ltd.’s holdings in Hilton Worldwide were worth $20,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Savoir Faire Capital Management L.P. purchased a new stake in Hilton Worldwide during the third quarter valued at approximately $4,270,000. International Assets Investment Management LLC increased its holdings in Hilton Worldwide by 19,454.9% during the fourth quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock valued at $53,981,000 after buying an additional 294,937 shares during the last quarter. Syon Capital LLC purchased a new stake in shares of Hilton Worldwide in the fourth quarter worth $447,000. Jennison Associates LLC increased its stake in shares of Hilton Worldwide by 11.5% in the fourth quarter. Jennison Associates LLC now owns 298,024 shares of the company’s stock worth $54,267,000 after purchasing an additional 30,676 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Hilton Worldwide by 6.3% in the fourth quarter. Nordea Investment Management AB now owns 1,674,212 shares of the company’s stock worth $305,159,000 after purchasing an additional 98,790 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HLT. BMO Capital Markets increased their price objective on shares of Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 20th. HSBC increased their price objective on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Truist Financial increased their price objective on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. UBS Group increased their price objective on shares of Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, TD Cowen upped their target price on shares of Hilton Worldwide from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $207.59.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Down 0.1 %

HLT stock opened at $197.53 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $134.43 and a 52 week high of $215.79. The company has a fifty day simple moving average of $205.76 and a two-hundred day simple moving average of $186.10. The firm has a market capitalization of $49.39 billion, a P/E ratio of 42.94, a price-to-earnings-growth ratio of 1.72 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.41 by $0.12. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. Hilton Worldwide’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.08 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be issued a $0.15 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

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.