Principal Financial Group Inc. Sells 102,305 Shares of Hilton Worldwide Holdings Inc. $HLT

Principal Financial Group Inc. reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,486,308 shares of the company’s stock after selling 102,305 shares during the period. Hilton Worldwide accounts for approximately 1.4% of Principal Financial Group Inc.’s holdings, making the stock its 9th biggest position. Principal Financial Group Inc.’s holdings in Hilton Worldwide were worth $2,720,580,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC lifted its position in Hilton Worldwide by 25.6% in the first quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock worth $520,000 after purchasing an additional 465 shares during the period. Empowered Funds LLC lifted its holdings in shares of Hilton Worldwide by 37.4% in the first quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock valued at $1,396,000 after buying an additional 1,669 shares during the period. Woodline Partners LP boosted its stake in Hilton Worldwide by 38.8% during the first quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock valued at $4,625,000 after buying an additional 5,687 shares in the last quarter. Intech Investment Management LLC grew its holdings in Hilton Worldwide by 112.4% during the first quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock worth $1,247,000 after acquiring an additional 2,899 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in Hilton Worldwide by 182.2% in the first quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock worth $76,000 after acquiring an additional 215 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT opened at $298.64 on Friday. The business’s 50-day moving average is $289.48 and its 200-day moving average is $275.29. The company has a market capitalization of $69.41 billion, a price-to-earnings ratio of 43.22, a P/E/G ratio of 2.55 and a beta of 1.15. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $306.28.

Wall Street Analyst Weigh In

A number of analysts recently commented on HLT shares. Macquarie boosted their target price on shares of Hilton Worldwide from $267.00 to $280.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilton Worldwide in a report on Monday, December 29th. Sanford C. Bernstein raised their price objective on Hilton Worldwide from $285.00 to $304.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. Jefferies Financial Group boosted their target price on Hilton Worldwide from $322.00 to $339.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Susquehanna lifted their price target on Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $297.33.

Hilton Worldwide Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.