Ontario Teachers Pension Plan Board Decreases Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Ontario Teachers Pension Plan Board lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 39.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,022 shares of the company’s stock after selling 1,343 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Hilton Worldwide were worth $500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HLT. Norges Bank purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at about $694,787,000. Principal Financial Group Inc. raised its holdings 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 worth $2,479,354,000 after purchasing an additional 1,429,537 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hilton Worldwide by 13.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock worth $1,952,314,000 after buying an additional 919,424 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Hilton Worldwide by 26.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company’s stock valued at $806,999,000 after buying an additional 685,023 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Hilton Worldwide by 2,746.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company’s stock valued at $133,487,000 after buying an additional 484,436 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Hilton Worldwide Stock Down 0.9 %

Shares of HLT stock opened at $209.41 on Thursday. 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 simple moving average of $238.64 and a 200-day simple moving average of $243.65. The stock has a market cap of $50.18 billion, a P/E ratio of 34.05, a P/E/G ratio of 2.86 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT) last posted 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%. On average, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently announced 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 0.29%. The ex-dividend date was Friday, February 21st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.76%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays lifted their target price on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Truist Financial decreased their price objective on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a report on Friday, March 21st. Mizuho reaffirmed a “neutral” rating and issued a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Morgan Stanley increased their price target on shares of Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group dropped their price objective on shares of Hilton Worldwide from $277.00 to $228.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus price target of $248.88.

Hilton Worldwide Company 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.