abrdn plc Purchases 56,835 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

abrdn plc raised its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 20.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,035 shares of the company’s stock after buying an additional 56,835 shares during the quarter. abrdn plc owned about 0.13% of Hilton Worldwide worth $60,460,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its stake in Hilton Worldwide by 36.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,237,885 shares of the company’s stock worth $1,167,300,000 after acquiring an additional 2,480,451 shares during the last quarter. Geode Capital Management LLC raised its holdings in Hilton Worldwide by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 5,486,545 shares of the company’s stock valued at $771,113,000 after buying an additional 40,576 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Hilton Worldwide by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,664,276 shares of the company’s stock worth $657,059,000 after buying an additional 190,019 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Hilton Worldwide by 16.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,200,822 shares of the company’s stock worth $637,433,000 after buying an additional 583,516 shares during the period. Finally, Wellington Management Group LLP increased its position in Hilton Worldwide by 10.2% during the first quarter. Wellington Management Group LLP now owns 3,969,051 shares of the company’s stock valued at $602,263,000 after acquiring an additional 366,054 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, the insider now directly owns 2,536,478 shares of the company’s stock, valued at $496,338,015.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of HLT stock opened at $194.47 on Monday. The stock’s 50-day simple moving average is $205.13 and its 200-day simple moving average is $183.53. The firm has a market capitalization of $48.88 billion, a PE ratio of 44.91, a P/E/G ratio of 1.72 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a fifty-two week low of $134.43 and a fifty-two week high of $215.79.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the business earned $1.59 EPS. Hilton Worldwide’s revenue for the quarter was up 6.8% compared to the same quarter last year. Sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date was Thursday, February 22nd. Hilton Worldwide’s payout ratio is currently 13.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Evercore ISI lifted their price target on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an “in-line” rating in a research note on Wednesday, March 20th. Barclays upped their target price on shares of Hilton Worldwide from $204.00 to $216.00 and gave the stock an “overweight” rating in a research note on Friday. TD Cowen boosted their price target on Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Bank of America raised their price objective on Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, UBS Group upped their target price on Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $201.94.

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.