American Century Companies Inc. Buys 167,711 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

American Century Companies Inc. increased its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,004,664 shares of the company’s stock after acquiring an additional 167,711 shares during the quarter. American Century Companies Inc. owned approximately 0.41% of Hilton Worldwide worth $248,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of HLT. Principal Financial Group Inc. grew its position in Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after acquiring an additional 1,429,537 shares during the last quarter. GSA Capital Partners LLP bought a new position in Hilton Worldwide during the 3rd quarter worth approximately $226,000. Empowered Funds LLC grew its position in Hilton Worldwide by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 3,722 shares of the company’s stock worth $858,000 after acquiring an additional 172 shares during the last quarter. Caprock Group LLC grew its position in shares of Hilton Worldwide by 6.8% in the 3rd quarter. Caprock Group LLC now owns 3,696 shares of the company’s stock worth $852,000 after buying an additional 236 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Hilton Worldwide by 6.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 72,550 shares of the company’s stock worth $16,723,000 after buying an additional 4,399 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the company’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 transaction, the insider now directly owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Down 1.3 %

Hilton Worldwide stock opened at $228.78 on Friday. The business’s fifty day simple moving average is $252.22 and its two-hundred day simple moving average is $244.08. Hilton Worldwide Holdings Inc. has a 12 month low of $193.86 and a 12 month high of $275.22. The company has a market capitalization of $55.04 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

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

Wall Street Analysts Forecast Growth

HLT has been the topic of a number of recent analyst reports. Raymond James lifted their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group lifted their price objective on Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Barclays lifted their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Truist Financial dropped their price target on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research report on Friday. 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, Hilton Worldwide has an average rating of “Hold” and an average target price 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.