Principal Financial Group Inc. Sells 102,305 Shares of Hilton Worldwide Holdings Inc. $HLT

Principal Financial Group Inc. trimmed its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,486,308 shares of the company’s stock after selling 102,305 shares during the period. Hilton Worldwide accounts for about 1.4% of Principal Financial Group Inc.’s investment portfolio, making the stock its 9th biggest holding. Principal Financial Group Inc. owned about 4.51% of Hilton Worldwide worth $2,720,580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLT. Souders Financial Advisors lifted its holdings in Hilton Worldwide by 7.8% during the 3rd quarter. Souders Financial Advisors now owns 940 shares of the company’s stock worth $244,000 after buying an additional 68 shares during the last quarter. UMB Bank n.a. lifted its stake in Hilton Worldwide by 3.4% during the third quarter. UMB Bank n.a. now owns 1,750 shares of the company’s stock worth $454,000 after purchasing an additional 58 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Hilton Worldwide by 11.4% in the third quarter. Thrivent Financial for Lutherans now owns 177,352 shares of the company’s stock worth $46,012,000 after purchasing an additional 18,135 shares during the period. Frank Rimerman Advisors LLC increased its stake in Hilton Worldwide by 112.8% during the third quarter. Frank Rimerman Advisors LLC now owns 2,051 shares of the company’s stock valued at $532,000 after purchasing an additional 1,087 shares during the last quarter. Finally, Everhart Financial Group Inc. increased its stake in Hilton Worldwide by 15.6% during the third quarter. Everhart Financial Group Inc. now owns 3,853 shares of the company’s stock valued at $1,000,000 after purchasing an additional 521 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Hilton Worldwide from $289.00 to $306.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Weiss Ratings restated a “buy (b)” rating on shares of Hilton Worldwide in a research note on Monday, December 29th. BMO Capital Markets increased their price target on Hilton Worldwide from $275.00 to $320.00 and gave the stock a “market perform” rating in a research report on Friday, January 9th. Evercore ISI boosted their price objective on Hilton Worldwide from $280.00 to $325.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Finally, Truist Financial increased their target price on Hilton Worldwide from $246.00 to $253.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $297.33.

Hilton Worldwide Price Performance

Shares of HLT stock opened at $298.64 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $306.28. The firm has a market capitalization of $69.41 billion, a price-to-earnings ratio of 43.22, a price-to-earnings-growth ratio of 2.55 and a beta of 1.15. The business has a 50 day simple moving average of $289.48 and a 200 day simple moving average of $275.29.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.