Mirae Asset Global Investments Co. Ltd. Increases Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Mirae Asset Global Investments Co. Ltd. increased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 22.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,992 shares of the company's stock after buying an additional 5,134 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Hilton Worldwide were worth $6,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Hilton Worldwide in the 3rd quarter worth approximately $765,000. Franklin Resources Inc. lifted its position in Hilton Worldwide by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,950 shares of the company's stock valued at $1,012,069,000 after acquiring an additional 121,900 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Hilton Worldwide in the 3rd quarter valued at approximately $38,000. Fiduciary Alliance LLC bought a new position in Hilton Worldwide in the 4th quarter valued at approximately $1,246,000. Finally, Dale Q Rice Investment Management Ltd bought a new position in Hilton Worldwide in the 4th quarter valued at approximately $593,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insider Activity

In related news, insider Michael W. Duffy sold 23,366 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $251.66, for a total transaction of $5,880,287.56. Following the completion of the transaction, the insider now directly owns 22,833 shares in the company, valued at $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction dated 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 owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. This trade represents a 34.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company's stock.

Hilton Worldwide Price Performance

NYSE HLT traded up $1.58 on Tuesday, hitting $269.06. The stock had a trading volume of 2,045,003 shares, compared to its average volume of 1,507,100. The business's fifty day moving average price is $250.97 and its 200 day moving average price is $236.48. Hilton Worldwide Holdings Inc. has a 52-week low of $186.83 and a 52-week high of $274.18. The stock has a market cap of $65.59 billion, a price-to-earnings ratio of 43.75, a price-to-earnings-growth ratio of 2.85 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, beating analysts' consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 57.01%. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.76 EPS for the current year.

Hilton Worldwide declared that its board has authorized a stock repurchase program on Thursday, November 14th that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Hilton Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, February 21st. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.76%.

Analyst Ratings Changes

Several research firms recently issued reports on HLT. Truist Financial upped their price objective on Hilton Worldwide from $208.00 to $220.00 and gave the company a "hold" rating in a research report on Thursday, October 24th. Raymond James raised their target price on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a report on Monday. TD Cowen decreased their target price on Hilton Worldwide from $265.00 to $256.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. The Goldman Sachs Group increased their price target on Hilton Worldwide from $247.00 to $277.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Mizuho reiterated a "neutral" rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Hilton Worldwide currently has a consensus rating of "Hold" and a consensus target price of $246.61.

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.