Canada Pension Plan Investment Board Sells 9,100 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Canada Pension Plan Investment Board reduced its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) by 15.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,300 shares of the company’s stock after selling 9,100 shares during the period. Canada Pension Plan Investment Board’s holdings in Hilton Worldwide were worth $7,704,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Hilton Worldwide in the third quarter valued at approximately $59,000. Shepherd Financial Partners LLC increased its stake in Hilton Worldwide by 7.6% in the third quarter. Shepherd Financial Partners LLC now owns 4,254 shares of the company’s stock valued at $639,000 after purchasing an additional 300 shares in the last quarter. HighTower Advisors LLC increased its stake in Hilton Worldwide by 61.1% in the third quarter. HighTower Advisors LLC now owns 5,808 shares of the company’s stock valued at $866,000 after purchasing an additional 2,202 shares in the last quarter. Pathstone Family Office LLC increased its stake in Hilton Worldwide by 28.6% in the third quarter. Pathstone Family Office LLC now owns 16,910 shares of the company’s stock valued at $2,540,000 after purchasing an additional 3,759 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Hilton Worldwide by 5.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,875 shares of the company’s stock valued at $2,234,000 after purchasing an additional 711 shares in the last quarter. 94.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Truist Financial upped their target price on shares of Hilton Worldwide from $172.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Barclays upped their target price on shares of Hilton Worldwide from $200.00 to $204.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. BMO Capital Markets upped their target price on shares of Hilton Worldwide from $184.00 to $203.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. Jefferies Financial Group upped their target price on shares of Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Finally, Macquarie increased their price objective on shares of Hilton Worldwide from $190.00 to $192.00 and gave the stock a “neutral” rating in a research report on Friday. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $176.93.

Get Our Latest Analysis on Hilton Worldwide

Hilton Worldwide Trading Up 0.7 %

Shares of HLT opened at $193.57 on Tuesday. Hilton Worldwide Holdings Inc. has a 12 month low of $129.86 and a 12 month high of $198.15. The firm has a fifty day simple moving average of $183.67 and a 200 day simple moving average of $164.92. The stock has a market capitalization of $48.81 billion, a price-to-earnings ratio of 44.70, a PEG ratio of 1.74 and a beta of 1.26.

Hilton Worldwide (NYSE:HLTGet Free Report) last announced its 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 business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. As a group, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.1 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

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

Hilton Worldwide announced that its Board of Directors has approved a stock repurchase program on Thursday, November 9th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 7.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the completion of the sale, the insider now owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher W. Silcock sold 10,863 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $166.61, for a total transaction of $1,809,884.43. Following the completion of the sale, the insider now owns 58,256 shares of the company’s stock, valued at approximately $9,706,032.16. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Hilton Worldwide Company Profile

(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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.

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

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