Mirae Asset Global Investments Co. Ltd. Increases Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating) by 33.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,993 shares of the company’s stock after buying an additional 8,725 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Hilton Worldwide were worth $5,310,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HLT. Sheets Smith Investment Management boosted its position in Hilton Worldwide by 1.0% during the first quarter. Sheets Smith Investment Management now owns 6,740 shares of the company’s stock valued at $1,023,000 after purchasing an additional 65 shares in the last quarter. Cedar Brook Financial Partners LLC boosted its position in Hilton Worldwide by 3.1% during the first quarter. Cedar Brook Financial Partners LLC now owns 2,241 shares of the company’s stock valued at $340,000 after purchasing an additional 68 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Hilton Worldwide by 3.9% during the first quarter. Coldstream Capital Management Inc. now owns 2,311 shares of the company’s stock valued at $351,000 after purchasing an additional 86 shares in the last quarter. Trust Asset Management LLC boosted its position in Hilton Worldwide by 3.3% during the first quarter. Trust Asset Management LLC now owns 2,792 shares of the company’s stock valued at $424,000 after purchasing an additional 88 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Hilton Worldwide by 34.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 366 shares of the company’s stock valued at $57,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Hilton Worldwide Price Performance

Shares of HLT opened at $119.42 on Friday. The stock’s 50-day moving average is $129.75 and its two-hundred day moving average is $134.85. The stock has a market cap of $32.76 billion, a PE ratio of 34.61, a P/E/G ratio of 0.58 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a 12 month low of $108.41 and a 12 month high of $167.99.

Hilton Worldwide (NYSE:HLTGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.29 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The firm’s quarterly revenue was up 68.5% on a year-over-year basis. On average, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 4.39 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, August 25th. Hilton Worldwide’s payout ratio is 17.39%.

Analyst Upgrades and Downgrades

HLT has been the subject of several recent analyst reports. UBS Group raised their price target on Hilton Worldwide from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Barclays initiated coverage on Hilton Worldwide in a research note on Tuesday, June 28th. They issued an “equal weight” rating and a $125.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on Hilton Worldwide from $141.00 to $120.00 in a research note on Thursday, July 28th. Berenberg Bank raised Hilton Worldwide from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $152.00 in a research note on Thursday, September 15th. Finally, Cowen lowered their price objective on Hilton Worldwide to $130.00 in a research note on Friday, July 22nd. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Hilton Worldwide currently has an average rating of “Hold” and a consensus price target of $151.06.

Insider Transactions at Hilton Worldwide

In other news, insider Matthew W. Schuyler sold 3,000 shares of Hilton Worldwide stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $120.00, for a total transaction of $360,000.00. Following the sale, the insider now directly owns 253,714 shares of the company’s stock, valued at $30,445,680. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Hilton Worldwide Company Profile

(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.

Read More

Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLTGet Rating).

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

Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.