US Bancorp DE Has $2.66 Million Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

US Bancorp DE boosted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 13.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,582 shares of the company’s stock after buying an additional 1,763 shares during the period. US Bancorp DE’s holdings in Hilton Worldwide were worth $2,655,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth $475,073,000. Deutsche Bank AG boosted its position in shares of Hilton Worldwide by 181.1% during the 3rd quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock worth $391,640,000 after acquiring an additional 1,680,156 shares in the last quarter. Northern Trust Corp grew its position in Hilton Worldwide by 1.9% in the third quarter. Northern Trust Corp now owns 2,466,740 shares of the company’s stock valued at $370,455,000 after acquiring an additional 46,197 shares during the last quarter. Darsana Capital Partners LP grew its holdings in shares of Hilton Worldwide by 14.3% during the 3rd quarter. Darsana Capital Partners LP now owns 2,000,000 shares of the company’s stock valued at $300,360,000 after purchasing an additional 250,000 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Hilton Worldwide by 6.3% during the fourth quarter. Nordea Investment Management AB now owns 1,674,212 shares of the company’s stock worth $305,159,000 after buying an additional 98,790 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 0.0 %

Hilton Worldwide stock opened at $196.54 on Friday. The firm’s fifty day moving average is $204.54 and its 200 day moving average is $192.98. Hilton Worldwide Holdings Inc. has a 12-month low of $134.43 and a 12-month high of $215.79. The company has a market capitalization of $49.14 billion, a PE ratio of 42.73, a PEG ratio of 1.72 and a beta of 1.26.

Hilton Worldwide (NYSE:HLTGet Free Report) last issued its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. Hilton Worldwide’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 earnings per share. Sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.09 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HLT shares. Wells Fargo & Company raised their price objective on Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, March 20th. Macquarie restated a “neutral” rating and set a $192.00 price target on shares of Hilton Worldwide in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, April 25th. BMO Capital Markets boosted their target price on shares of Hilton Worldwide from $203.00 to $215.00 and gave the stock a “market perform” rating in a report on Wednesday, March 20th. Finally, Truist Financial raised their price target on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $207.59.

Get Our Latest Stock Report on HLT

Insider Activity at Hilton Worldwide

In related news, Director Melanie Healey purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $199.65 per share, with a total value of $399,300.00. Following the transaction, the director now owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by insiders.

About Hilton Worldwide

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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