Arrowstreet Capital Limited Partnership Buys 685,023 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Arrowstreet Capital Limited Partnership raised its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 26.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,265,087 shares of the company's stock after buying an additional 685,023 shares during the quarter. Hilton Worldwide comprises approximately 0.6% of Arrowstreet Capital Limited Partnership's portfolio, making the stock its 20th biggest position. Arrowstreet Capital Limited Partnership owned 1.34% of Hilton Worldwide worth $806,999,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HLT. Noble Wealth Management PBC bought a new position in shares of Hilton Worldwide in the 4th quarter worth about $27,000. VSM Wealth Advisory LLC bought a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $34,000. Groupama Asset Managment lifted its holdings in shares of Hilton Worldwide by 37.8% during the third quarter. Groupama Asset Managment now owns 15,025 shares of the company's stock valued at $35,000 after purchasing an additional 4,118 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $36,000. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Up 1.9 %

NYSE:HLT traded up $4.39 during trading hours on Wednesday, hitting $231.67. 1,488,372 shares of the stock traded hands, compared to its average volume of 1,614,607. The stock has a 50 day moving average price of $250.15 and a 200 day moving average price of $245.30. The company has a market cap of $55.51 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22.

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Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide's payout ratio is 9.76%.

Insider Activity

In related news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the transaction, the insider now directly owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HLT shares. The Goldman Sachs Group raised their price target on Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Barclays raised their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Raymond James lifted their target price on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, Jefferies Financial Group upped their target price on shares of Hilton Worldwide from $237.00 to $277.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $254.53.

Hilton Worldwide Company 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.