B. Metzler seel. Sohn & Co. AG increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 152.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,180 shares of the company's stock after buying an additional 31,527 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Hilton Worldwide were worth $12,901,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in Hilton Worldwide during the third quarter valued at about $765,000. Jones Financial Companies Lllp boosted its stake in Hilton Worldwide by 194.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock valued at $651,000 after purchasing an additional 1,740 shares during the period. Amundi grew its holdings in Hilton Worldwide by 24.2% in the 4th quarter. Amundi now owns 953,938 shares of the company's stock valued at $232,098,000 after buying an additional 185,765 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hilton Worldwide by 2.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock worth $55,774,000 after buying an additional 4,846 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Hilton Worldwide by 3.1% during the third quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock worth $1,012,069,000 after buying an additional 121,900 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
Shares of NYSE HLT traded down $0.34 during mid-day trading on Tuesday, hitting $227.21. 2,005,593 shares of the stock were exchanged, compared to its average volume of 1,615,047. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22. The stock's fifty day simple moving average is $250.15 and its two-hundred day simple moving average is $245.30. The company has a market cap of $54.44 billion, a P/E ratio of 36.95, a PEG ratio of 2.86 and a beta of 1.29.
Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share 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%. As a group, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Friday, February 21st. Hilton Worldwide's dividend payout ratio is currently 9.76%.
Insider Buying and Selling at Hilton Worldwide
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares in the company, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on HLT. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Barclays upped their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Raymond James lifted their target price on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their price target on Hilton Worldwide from $219.00 to $226.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group lifted their price objective on Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Hilton Worldwide presently has a consensus rating of "Hold" and a consensus target price of $254.53.
Read Our Latest Stock Analysis on HLT
Hilton Worldwide Profile
(
Free Report)
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.
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