JPMorgan Chase & Co. Acquires 919,424 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

JPMorgan Chase & Co. raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,898,986 shares of the company's stock after purchasing an additional 919,424 shares during the period. JPMorgan Chase & Co. owned 3.24% of Hilton Worldwide worth $1,952,314,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Hilton Worldwide by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company's stock worth $2,479,354,000 after acquiring an additional 1,429,537 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Hilton Worldwide by 38.8% during the third 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 increased its position in shares of Hilton Worldwide by 3.4% in the third quarter. Independent Advisor Alliance now owns 2,552 shares of the company's stock worth $588,000 after purchasing an additional 84 shares during the last quarter. Townsquare Capital LLC raised its stake in Hilton Worldwide by 60.7% in the third quarter. Townsquare Capital LLC now owns 6,289 shares of the company's stock valued at $1,450,000 after purchasing an additional 2,376 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in Hilton Worldwide by 1.7% during the third quarter. Glenmede Trust Co. NA now owns 30,386 shares of the company's stock valued at $7,004,000 after purchasing an additional 518 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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Hilton Worldwide Stock Down 0.4 %

Shares of Hilton Worldwide stock traded down $0.82 during trading on Tuesday, reaching $226.73. 504,273 shares of the stock were exchanged, compared to its average volume of 1,607,208. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The firm has a market cap of $54.33 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29. The stock's fifty day moving average is $250.55 and its 200 day moving average is $245.23.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, topping 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 year.

Hilton Worldwide Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HLT shares. Morgan Stanley raised their price objective on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price target on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Mizuho reiterated a "neutral" rating and set a $263.00 price objective (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Raymond James boosted 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. Finally, Susquehanna upped their target price on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $254.53.

Insider Activity

In related news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide 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 sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company's stock.

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.