Allianz SE Makes New Investment in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Allianz SE bought a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 4th quarter, HoldingsChannel.com reports. The firm bought 3,940 shares of the company’s stock, valued at approximately $974,000.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after buying an additional 1,429,537 shares during the last quarter. Cerity Partners LLC grew its position in shares of Hilton Worldwide by 38.8% during the third quarter. Cerity Partners LLC now owns 13,505 shares of the company’s stock worth $3,113,000 after acquiring an additional 3,773 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of Hilton Worldwide by 60.7% in the 3rd quarter. Townsquare Capital LLC now owns 6,289 shares of the company’s stock valued at $1,450,000 after acquiring an additional 2,376 shares during the period. Rockefeller Capital Management L.P. raised its position in Hilton Worldwide by 120.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 53,235 shares of the company’s stock valued at $12,266,000 after purchasing an additional 29,065 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in Hilton Worldwide by 15.6% during the 3rd quarter. Captrust Financial Advisors now owns 17,105 shares of the company’s stock worth $3,943,000 after purchasing an additional 2,306 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $225.49 on Monday. The firm has a market capitalization of $54.03 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The business’s 50 day simple moving average is $250.94 and its 200-day simple moving average is $245.15. 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 for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. On average, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

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

Analyst Upgrades and Downgrades

HLT has been the subject of a number of research reports. Raymond James upped their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Susquehanna upped their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Wells Fargo & Company lifted their target price on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Macquarie increased their price target on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Truist Financial dropped their price objective on shares of Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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 firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the transaction, the insider now owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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.