Elo Mutual Pension Insurance Co boosted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,814 shares of the company's stock after purchasing an additional 2,742 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Hilton Worldwide were worth $6,133,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Hilton Worldwide by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock valued at $2,479,354,000 after acquiring an additional 1,429,537 shares during the last quarter. Cerity Partners LLC increased its holdings in Hilton Worldwide by 38.8% in the 3rd quarter. Cerity Partners LLC now owns 13,505 shares of the company's stock worth $3,113,000 after purchasing an additional 3,773 shares in the last quarter. Independent Advisor Alliance raised its position in Hilton Worldwide by 3.4% in the third quarter. Independent Advisor Alliance now owns 2,552 shares of the company's stock valued at $588,000 after purchasing an additional 84 shares during the last quarter. Townsquare Capital LLC boosted its position in Hilton Worldwide by 60.7% during the 3rd quarter. Townsquare Capital LLC now owns 6,289 shares of the company's stock worth $1,450,000 after buying an additional 2,376 shares during the period. Finally, Glenmede Trust Co. NA increased its position in Hilton Worldwide by 1.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 30,386 shares of the company's stock valued at $7,004,000 after acquiring an additional 518 shares during the period. Institutional investors own 95.90% of the company's stock.
Insider Activity
In related news, insider Christopher J. Nassetta sold 40,653 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.50% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on HLT shares. The Goldman Sachs Group increased their target price on shares of Hilton Worldwide from $247.00 to $277.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Susquehanna upped their price target on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Macquarie lifted their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Morgan Stanley upped their target price on Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Finally, Mizuho reiterated a "neutral" rating and issued a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $254.53.
Get Our Latest Research Report on Hilton Worldwide
Hilton Worldwide Stock Performance
HLT traded down $0.82 during midday trading on Tuesday, reaching $226.73. The company had a trading volume of 504,273 shares, compared to its average volume of 1,607,208. Hilton Worldwide Holdings Inc. has a 12-month low of $193.86 and a 12-month high of $275.22. The business has a 50-day moving average price of $250.55 and a two-hundred day moving average price of $245.23. The stock has a market cap of $54.33 billion, a PE ratio of 36.78, a P/E/G ratio of 2.86 and a beta of 1.29.
Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. On average, research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.
Hilton Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Friday, February 21st. Hilton Worldwide's payout ratio is 9.76%.
About Hilton Worldwide
(
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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