Hilton Worldwide Holdings Inc. (NYSE:HLT) Position Lifted by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co raised its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 28.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 45,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Hilton Worldwide were worth $11,122,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HLT. Noble Wealth Management PBC bought a new position in Hilton Worldwide during the fourth quarter worth $27,000. VSM Wealth Advisory LLC bought a new position in shares of Hilton Worldwide in the 4th quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at about $34,000. Sierra Ocean LLC acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at about $36,000. Finally, Hopwood Financial Services Inc. bought a new stake in shares of Hilton Worldwide during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

HLT opened at $208.72 on Friday. The company has a market capitalization of $50.01 billion, a PE ratio of 33.94, a P/E/G ratio of 2.86 and a beta of 1.19. The stock’s fifty day moving average is $248.39 and its 200-day moving average is $245.12. Hilton Worldwide Holdings Inc. has a one year low of $193.86 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data 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, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. The Goldman Sachs Group lifted their target price on Hilton Worldwide from $247.00 to $277.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Truist Financial reduced their price objective on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Susquehanna increased their target price on Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Wells Fargo & Company boosted their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group increased their price objective on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $254.56.

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 completion of the sale, 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 at the SEC website. Insiders own 2.50% of the company’s stock.

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.