7,232 Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT) Bought by Allstate Corp

Allstate Corp acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,232 shares of the company’s stock, valued at approximately $1,787,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HLT. Wilmington Savings Fund Society FSB bought a new position in Hilton Worldwide during the 3rd quarter valued at about $765,000. Jones Financial Companies Lllp raised its holdings in shares of Hilton Worldwide by 194.8% in the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock worth $651,000 after buying an additional 1,740 shares during the period. Amundi lifted its stake in shares of Hilton Worldwide by 24.2% during the 4th quarter. Amundi now owns 953,938 shares of the company’s stock worth $232,098,000 after acquiring an additional 185,765 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hilton Worldwide by 2.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock valued at $55,774,000 after acquiring an additional 4,846 shares during the period. Finally, Franklin Resources Inc. grew its position in Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company’s stock valued at $1,012,069,000 after acquiring an additional 121,900 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

HLT has been the subject of a number of recent analyst reports. Macquarie boosted their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Morgan Stanley boosted their price objective on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Jefferies Financial Group raised 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. Mizuho reiterated a “neutral” rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Finally, Wells Fargo & Company raised their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $254.53.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by corporate insiders.

Hilton Worldwide Trading Down 2.8 %

HLT opened at $225.49 on Friday. The firm has a 50 day moving average of $250.94 and a two-hundred day moving average of $244.92. The firm has a market capitalization of $54.03 billion, a PE ratio of 36.67, a P/E/G ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22.

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

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date was Friday, February 21st. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

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.