Northern Trust Corp Purchases 327,267 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Northern Trust Corp boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,411,699 shares of the company’s stock after acquiring an additional 327,267 shares during the period. Northern Trust Corp owned approximately 0.99% of Hilton Worldwide worth $596,076,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLT. Noble Wealth Management PBC bought a new position in Hilton Worldwide during the fourth quarter valued at about $27,000. VSM Wealth Advisory LLC bought a new position in Hilton Worldwide during the fourth quarter valued at about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Hilton Worldwide during the fourth quarter valued at approximately $34,000. Sierra Ocean LLC acquired a new stake in Hilton Worldwide during the fourth quarter valued at approximately $36,000. Finally, Hopwood Financial Services Inc. acquired a new stake in Hilton Worldwide during the fourth quarter valued at approximately $41,000. 95.90% of the stock is currently owned by institutional investors.

Insider Transactions at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Truist Financial decreased their price objective on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Raymond James lifted their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Macquarie lifted 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, Evercore ISI decreased their price objective on Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating on the stock in a report on Wednesday, April 23rd. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Hold” and a consensus price target of $243.75.

Hilton Worldwide Trading Up 1.0 %

NYSE:HLT opened at $221.77 on Tuesday. Hilton Worldwide Holdings Inc. has a 1-year low of $194.93 and a 1-year high of $275.22. The business’s 50-day moving average price is $229.90 and its two-hundred day moving average price is $242.71. The firm has a market capitalization of $53.14 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 2.86 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT) last released 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 negative return on equity of 54.47% and a net margin of 13.74%. Sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was 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.