Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by American International Group Inc.

American International Group Inc. lifted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.1% in the fourth quarter, HoldingsChannel reports. The firm owned 94,731 shares of the company’s stock after buying an additional 127 shares during the period. American International Group Inc.’s holdings in Hilton Worldwide were worth $17,250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Syon Capital LLC acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at $447,000. Integrated Advisors Network LLC boosted its stake in Hilton Worldwide by 5.5% during the fourth quarter. Integrated Advisors Network LLC now owns 2,497 shares of the company’s stock worth $455,000 after buying an additional 130 shares during the period. Virtu Financial LLC purchased a new stake in shares of Hilton Worldwide in the 4th quarter valued at approximately $452,000. Scarborough Advisors LLC acquired a new position in shares of Hilton Worldwide in the 4th quarter worth approximately $171,000. Finally, Raleigh Capital Management Inc. increased its holdings in Hilton Worldwide by 48.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after purchasing an additional 56 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Down 0.6 %

HLT traded down $1.32 on Friday, reaching $210.32. The company’s stock had a trading volume of 1,192,413 shares, compared to its average volume of 1,611,764. The company has a market capitalization of $52.59 billion, a price-to-earnings ratio of 45.72, a P/E/G ratio of 1.84 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a fifty-two week low of $136.76 and a fifty-two week high of $215.79. The stock has a 50 day moving average of $202.89 and a two-hundred day moving average of $195.94.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.09 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm 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 0.29%. Hilton Worldwide’s payout ratio is 13.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HLT shares. HSBC upped their price target on Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Bank of America lifted their target price on Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Truist Financial increased their price target on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Robert W. Baird upped their target price on shares of Hilton Worldwide from $212.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Finally, Evercore ISI raised their price target on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research report on Wednesday, March 20th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.59.

Insider Transactions at Hilton Worldwide

In related news, Director Melanie Healey bought 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $199.65 per share, with a total value of $399,300.00. Following the completion of the acquisition, the director now owns 14,938 shares in the company, valued at approximately $2,982,371.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Company 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.