Mirae Asset Global Investments Co. Ltd. Lowers Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Mirae Asset Global Investments Co. Ltd. cut its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 13.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 49,229 shares of the company’s stock after selling 7,405 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Hilton Worldwide were worth $8,964,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HLT. Norges Bank purchased a new stake in Hilton Worldwide during the fourth quarter worth $337,490,000. T. Rowe Price Investment Management Inc. lifted its holdings in Hilton Worldwide by 36.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,237,885 shares of the company’s stock valued at $1,167,300,000 after purchasing an additional 2,480,451 shares in the last quarter. Deutsche Bank AG lifted its holdings in Hilton Worldwide by 181.1% during the third quarter. Deutsche Bank AG now owns 2,607,803 shares of the company’s stock valued at $391,640,000 after purchasing an additional 1,680,156 shares in the last quarter. Royal Bank of Canada lifted its holdings in Hilton Worldwide by 54.7% during the first quarter. Royal Bank of Canada now owns 1,840,444 shares of the company’s stock valued at $279,270,000 after purchasing an additional 650,540 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Hilton Worldwide by 16.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,200,822 shares of the company’s stock valued at $637,433,000 after purchasing an additional 583,516 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Trading Down 2.7 %

Hilton Worldwide stock opened at $205.10 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $134.43 and a 12-month high of $215.79. The stock has a market cap of $51.55 billion, a P/E ratio of 47.37, a PEG ratio of 1.85 and a beta of 1.25. The company has a 50-day moving average price of $204.54 and a 200 day moving average price of $181.31.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the business earned $1.59 earnings per share. Hilton Worldwide’s revenue was up 6.8% compared to the same quarter last year. As a group, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.06 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Thursday, February 22nd. Hilton Worldwide’s dividend payout ratio is presently 13.86%.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the completion of the sale, the insider now directly owns 2,536,478 shares in the company, valued at $496,338,015.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

HLT has been the topic of several recent analyst reports. Robert W. Baird increased their price objective on shares of Hilton Worldwide from $210.00 to $212.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. HSBC increased their price objective on shares of Hilton Worldwide from $219.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Wells Fargo & Company increased their target price on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 20th. Macquarie increased their target price on shares of Hilton Worldwide from $190.00 to $192.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, Evercore ISI increased their target price on shares of Hilton Worldwide from $200.00 to $210.00 and gave the company an “in-line” rating in a research report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.28.

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.