Huntington National Bank Has $10.36 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Huntington National Bank raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,928 shares of the company’s stock after buying an additional 1,230 shares during the quarter. Huntington National Bank’s holdings in Hilton Worldwide were worth $10,363,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. grew its stake in shares of Hilton Worldwide by 3.2% in the fourth quarter. Meeder Advisory Services Inc. now owns 6,261 shares of the company’s stock valued at $1,547,000 after acquiring an additional 193 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $6,617,000. Geode Capital Management LLC increased its holdings in shares of Hilton Worldwide by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 5,910,042 shares of the company’s stock worth $1,456,893,000 after purchasing an additional 67,292 shares during the period. GFI Investment Counsel Ltd. boosted its stake in shares of Hilton Worldwide by 1.6% in the fourth quarter. GFI Investment Counsel Ltd. now owns 270,279 shares of the company’s stock valued at $66,802,000 after buying an additional 4,355 shares during the period. Finally, Franklin Resources Inc. grew its position in Hilton Worldwide by 7.8% during the fourth quarter. Franklin Resources Inc. now owns 4,411,500 shares of the company’s stock worth $1,090,346,000 after buying an additional 320,550 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction 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 completion of the transaction, the insider now owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Price Performance

Shares of NYSE HLT opened at $231.67 on Thursday. The company has a 50 day simple moving average of $249.83 and a 200 day simple moving average of $245.21. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The firm has a market cap of $55.51 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.

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

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were paid a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide’s payout ratio is 9.76%.

Analyst Ratings Changes

HLT has been the subject of several analyst reports. Truist Financial dropped 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. Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Jefferies Financial Group raised their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Barclays upped their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Raymond James lifted their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.