Bank of New York Mellon Corp Has $355.46 Million Stock Position in Hilton Worldwide Holdings Inc. $HLT

Bank of New York Mellon Corp lessened its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,370,093 shares of the company’s stock after selling 29,044 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.59% of Hilton Worldwide worth $355,457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of HLT. Clearstead Trust LLC acquired a new stake in Hilton Worldwide during the second quarter worth $30,000. Sagard Holdings Management Inc. acquired a new stake in shares of Hilton Worldwide during the 2nd quarter valued at about $30,000. Bank of Jackson Hole Trust increased its stake in Hilton Worldwide by 132.7% in the second quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after acquiring an additional 73 shares during the period. Atlantic Edge Private Wealth Management LLC raised its position in Hilton Worldwide by 52.9% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock worth $34,000 after purchasing an additional 45 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in Hilton Worldwide by 59.8% in the second quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock worth $37,000 after purchasing an additional 52 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Stock Up 1.0%

Shares of NYSE:HLT opened at $299.23 on Friday. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $306.28. The firm has a market cap of $69.55 billion, a P/E ratio of 43.30, a P/E/G ratio of 2.52 and a beta of 1.15. The company’s 50-day moving average price is $289.00 and its two-hundred day moving average price is $275.14.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HLT shares. Barclays increased their target price on Hilton Worldwide from $297.00 to $309.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Susquehanna increased their price objective on Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. TD Cowen restated a “buy” rating on shares of Hilton Worldwide in a research note on Tuesday, October 28th. Robert W. Baird dropped their target price on shares of Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Finally, Sanford C. Bernstein boosted their price target on shares of Hilton Worldwide from $285.00 to $304.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Hilton Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $297.33.

About Hilton Worldwide

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.