OLD National Bancorp IN Lowers Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

OLD National Bancorp IN lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 65.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,110 shares of the company’s stock after selling 2,149 shares during the period. OLD National Bancorp IN’s holdings in Hilton Worldwide were worth $202,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in shares of Hilton Worldwide in the third quarter valued at about $25,000. Activest Wealth Management purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $26,000. Exchange Traded Concepts LLC purchased a new stake in shares of Hilton Worldwide in the third quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. grew its position in Hilton Worldwide by 494.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 232 shares of the company’s stock valued at $36,000 after buying an additional 193 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Hilton Worldwide during the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HLT shares. Bank of America increased their price target on shares of Hilton Worldwide from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, March 15th. UBS Group increased their target price on shares of Hilton Worldwide from $190.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Truist Financial increased their target price on shares of Hilton Worldwide from $199.00 to $209.00 and gave the stock a “hold” rating in a research report on Thursday. HSBC increased their target price on shares of Hilton Worldwide from $219.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Finally, TD Cowen increased their target price on shares of Hilton Worldwide from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.06.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the transaction, the insider now owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT opened at $202.12 on Friday. The firm’s 50 day simple moving average is $205.79 and its 200 day simple moving average is $184.82. The company has a market capitalization of $50.80 billion, a P/E ratio of 43.94, a P/E/G ratio of 1.83 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 1-year low of $134.43 and a 1-year high of $215.79.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.41 by $0.12. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 92.07%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. On average, equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 6.99 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.04%.

Hilton Worldwide 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.