Mutual of America Capital Management LLC Sells 1,413 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Mutual of America Capital Management LLC decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,805 shares of the company’s stock after selling 1,413 shares during the period. Mutual of America Capital Management LLC’s holdings in Hilton Worldwide were worth $7,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of Hilton Worldwide by 23,543.6% during the 1st quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company’s stock valued at $2,397,370,000 after purchasing an additional 1,049,101 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Hilton Worldwide by 426.9% during the 4th quarter. Marshall Wace LLP now owns 762,261 shares of the company’s stock valued at $188,400,000 after purchasing an additional 617,604 shares during the last quarter. SurgoCap Partners LP bought a new position in shares of Hilton Worldwide during the 4th quarter valued at about $109,492,000. AQR Capital Management LLC boosted its holdings in shares of Hilton Worldwide by 112.4% during the 4th quarter. AQR Capital Management LLC now owns 714,620 shares of the company’s stock valued at $176,626,000 after purchasing an additional 378,206 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Hilton Worldwide by 15.7% during the 4th quarter. Northern Trust Corp now owns 2,411,699 shares of the company’s stock valued at $596,076,000 after purchasing an additional 327,267 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

HLT has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Hilton Worldwide in a report on Monday, June 23rd. They set an “overweight” rating and a $282.00 price objective for the company. Jefferies Financial Group upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating and upped their target price for the company from $228.00 to $296.00 in a research report on Monday, May 12th. Morgan Stanley decreased their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Barclays decreased their target price on shares of Hilton Worldwide from $296.00 to $291.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Finally, Robert W. Baird upped their target price on shares of Hilton Worldwide from $276.00 to $278.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus price target of $259.19.

Hilton Worldwide Stock Performance

NYSE HLT opened at $260.96 on Thursday. The firm’s 50 day moving average price is $262.06 and its 200-day moving average price is $248.06. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $279.46. The company has a market cap of $61.37 billion, a PE ratio of 40.09, a P/E/G ratio of 2.57 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.16. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the firm earned $1.91 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, August 29th. Hilton Worldwide’s dividend payout ratio (DPR) is 9.22%.

About Hilton Worldwide

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.