Corebridge Financial Inc. Has $20.59 Million Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Corebridge Financial Inc. raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,313 shares of the company’s stock after purchasing an additional 1,781 shares during the quarter. Corebridge Financial Inc.’s holdings in Hilton Worldwide were worth $20,592,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of HLT. Noble Wealth Management PBC bought a new stake in Hilton Worldwide in the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Hilton Worldwide in the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Hilton Worldwide in the fourth quarter worth $34,000. Groupama Asset Managment boosted its holdings in Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at $36,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays increased 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. The Goldman Sachs Group increased their price target on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley boosted their price target on Hilton Worldwide from $265.00 to $274.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Macquarie increased their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Raymond James boosted their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $254.53.

Insiders Place Their Bets

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 completion of the sale, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Trading Up 1.4 %

Hilton Worldwide stock opened at $232.62 on Tuesday. The company has a market capitalization of $55.97 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12 month low of $193.86 and a 12 month high of $275.22. The stock’s 50 day moving average is $252.04 and its 200-day moving average is $244.61.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.76 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%. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

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.