2,811,080 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Bought by Norges Bank

Norges Bank acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,811,080 shares of the company’s stock, valued at approximately $694,787,000.

A number of other large investors also recently bought and sold shares of the company. Noble Wealth Management PBC purchased a new stake in Hilton Worldwide in the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at approximately $34,000. Groupama Asset Managment grew its holdings in Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company’s stock worth $35,000 after acquiring an additional 4,118 shares during the period. Finally, Sierra Ocean LLC purchased a new position in Hilton Worldwide in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of HLT opened at $232.10 on Friday. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The company’s 50 day simple moving average is $251.36 and its 200 day simple moving average is $244.61. The company has a market capitalization of $55.84 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction 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 transaction, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Jefferies Financial Group boosted their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Truist Financial decreased their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Susquehanna increased their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Wells Fargo & Company boosted their price target on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Barclays raised their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and a consensus target price of $254.53.

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.