MetLife Investment Management LLC Acquires 63 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

MetLife Investment Management LLC increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,865 shares of the company’s stock after acquiring an additional 63 shares during the quarter. MetLife Investment Management LLC’s holdings in Hilton Worldwide were worth $17,268,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Noble Wealth Management PBC bought a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $27,000. VSM Wealth Advisory LLC bought a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $34,000. Sierra Ocean LLC bought a new position in Hilton Worldwide in the fourth quarter valued at approximately $36,000. Finally, Hopwood Financial Services Inc. bought a new stake in Hilton Worldwide during the fourth quarter worth $41,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HLT has been the subject of a number of research analyst reports. Truist Financial lowered their price target on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a report on Friday, March 21st. Barclays increased their target price on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Raymond James lifted their price target 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. Mizuho restated a “neutral” rating and issued a $263.00 target price (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Finally, Macquarie boosted their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $248.88.

Hilton Worldwide Price Performance

NYSE HLT opened at $210.43 on Monday. The stock has a market capitalization of $50.42 billion, a P/E ratio of 34.22, a P/E/G ratio of 2.86 and a beta of 1.19. The business has a 50 day simple moving average of $236.33 and a 200 day simple moving average of $243.55. Hilton Worldwide Holdings Inc. has a one year low of $194.12 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data 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 net margin of 13.74% and a negative return on equity of 54.47%. Equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were paid a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

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.