Vanguard Group Inc. Raises Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Vanguard Group Inc. increased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) by 2.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 25,683,918 shares of the company’s stock after buying an additional 552,618 shares during the quarter. Vanguard Group Inc. owned 9.23% of Hilton Worldwide worth $3,897,277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Hilton Worldwide by 8.5% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 144,042 shares of the company’s stock valued at $21,857,000 after acquiring an additional 11,225 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its stake in Hilton Worldwide by 7.4% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,227 shares of the company’s stock valued at $1,248,000 after acquiring an additional 570 shares during the period. Junson Asset Management Hong Kong Ltd bought a new stake in Hilton Worldwide in the 1st quarter valued at about $4,802,000. Skandinaviska Enskilda Banken AB publ raised its stake in Hilton Worldwide by 2.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 50,915 shares of the company’s stock valued at $7,891,000 after acquiring an additional 1,336 shares during the period. Finally, Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Hilton Worldwide during the fourth quarter valued at about $713,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. UBS Group increased their price objective on Hilton Worldwide from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Barclays initiated coverage on Hilton Worldwide in a report on Tuesday, June 28th. They set an “equal weight” rating and a $125.00 price target for the company. Cowen dropped their price objective on Hilton Worldwide to $130.00 in a research report on Friday, July 22nd. Evercore ISI raised Hilton Worldwide from an “in-line” rating to an “outperform” rating and lowered their price objective for the company from $155.00 to $150.00 in a research report on Monday, July 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Hilton Worldwide from $141.00 to $120.00 in a research note on Thursday, July 28th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and a consensus price target of $151.00.

Insider Activity

In other Hilton Worldwide news, insider Matthew W. Schuyler sold 3,000 shares of the stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $120.00, for a total transaction of $360,000.00. Following the transaction, the insider now owns 253,714 shares in the company, valued at $30,445,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock opened at $132.97 on Friday. The stock has a market cap of $36.47 billion, a price-to-earnings ratio of 38.54, a price-to-earnings-growth ratio of 0.57 and a beta of 1.25. The stock has a 50 day moving average price of $126.01 and a 200-day moving average price of $135.69. Hilton Worldwide Holdings Inc. has a one year low of $108.41 and a one year high of $167.99.

Hilton Worldwide (NYSE:HLTGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.24. Hilton Worldwide had a negative return on equity of 114.54% and a net margin of 12.83%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter in the previous year, the business earned $0.56 EPS. Hilton Worldwide’s revenue was up 68.5% compared to the same quarter last year. Sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 4.36 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, August 26th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Thursday, August 25th. Hilton Worldwide’s dividend payout ratio is currently 17.39%.

About Hilton Worldwide

(Get Rating)

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.

See Also

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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