Royal London Asset Management Ltd. Has $20.03 Million Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Royal London Asset Management Ltd. reduced its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,036 shares of the company’s stock after selling 334 shares during the period. Royal London Asset Management Ltd.’s holdings in Hilton Worldwide were worth $20,029,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new position in Hilton Worldwide during the fourth quarter valued at approximately $28,000. Xponance Inc. increased its holdings in shares of Hilton Worldwide by 4.4% during the fourth quarter. Xponance Inc. now owns 48,287 shares of the company’s stock worth $11,935,000 after buying an additional 2,018 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Hilton Worldwide during the fourth quarter worth $6,666,000. Evoke Wealth LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter worth $204,000. Finally, Haven Capital Group Inc. acquired a new position in shares of Hilton Worldwide during the fourth quarter worth $3,143,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

HLT stock opened at $228.78 on Friday. The stock has a market capitalization of $55.04 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The company’s 50-day moving average is $252.22 and its 200-day moving average is $244.08. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (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%. On average, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

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

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction dated Friday, February 7th. The shares were 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 approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HLT has been the subject of several research analyst reports. Macquarie upped their price target on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Truist Financial lowered their price target on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a report on Friday. Raymond James boosted their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Susquehanna boosted their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Finally, Barclays boosted their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.