Brown Brothers Harriman & Co. Grows Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Brown Brothers Harriman & Co. boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 30.9% during the 4th quarter, HoldingsChannel reports. The firm owned 728 shares of the company’s stock after purchasing an additional 172 shares during the period. Brown Brothers Harriman & Co.’s holdings in Hilton Worldwide were worth $180,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HLT. Principal Financial Group Inc. increased its position in Hilton Worldwide by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after acquiring an additional 1,429,537 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Hilton Worldwide by 13.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock valued at $1,952,314,000 after purchasing an additional 919,424 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Hilton Worldwide by 3.1% in the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock valued at $1,012,069,000 after purchasing an additional 121,900 shares during the period. Jennison Associates LLC raised its stake in shares of Hilton Worldwide by 5.1% during the fourth quarter. Jennison Associates LLC now owns 3,399,270 shares of the company’s stock worth $840,164,000 after purchasing an additional 164,461 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $694,787,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value 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. The trade was a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Mizuho restated a “neutral” rating and set a $263.00 price objective (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. The Goldman Sachs Group increased their price target on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays raised their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Truist Financial dropped their target price on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Finally, Jefferies Financial Group raised their price target on Hilton Worldwide from $237.00 to $277.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Eleven 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 presently has an average rating of “Hold” and a consensus target price of $254.53.

Hilton Worldwide Stock Up 0.8 %

Hilton Worldwide stock opened at $227.53 on Tuesday. The firm’s 50-day simple moving average is $250.55 and its 200 day simple moving average is $245.23. Hilton Worldwide Holdings Inc. has a 52 week low of $193.86 and a 52 week high of $275.22. The firm has a market capitalization of $54.52 billion, a PE ratio of 37.00, a P/E/G 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 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, research analysts expect 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. Stockholders of record on Friday, February 21st were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.76%.

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.