Renaissance Technologies LLC Raises Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Renaissance Technologies LLC raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 6.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 182,400 shares of the company's stock after purchasing an additional 11,300 shares during the period. Renaissance Technologies LLC owned 0.07% of Hilton Worldwide worth $45,082,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in Hilton Worldwide by 15.3% during the third 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. Morse Asset Management Inc grew its stake in Hilton Worldwide by 3.9% during the third quarter. Morse Asset Management Inc now owns 2,675 shares of the company's stock worth $617,000 after purchasing an additional 100 shares during the period. Orion Portfolio Solutions LLC lifted its position in shares of Hilton Worldwide by 3.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,010 shares of the company's stock valued at $1,616,000 after acquiring an additional 244 shares during the period. M&T Bank Corp boosted its position in shares of Hilton Worldwide by 44.9% during the 3rd quarter. M&T Bank Corp now owns 19,369 shares of the company's stock worth $4,464,000 after purchasing an additional 6,002 shares in the last quarter. Finally, Vestcor Inc raised its position in shares of Hilton Worldwide by 8.8% during the third quarter. Vestcor Inc now owns 4,800 shares of the company's stock worth $1,106,000 after purchasing an additional 390 shares during the period. 95.90% of the stock is owned by institutional investors.

Remove Ads

Hilton Worldwide Stock Up 0.6 %

HLT traded up $1.20 during midday trading on Tuesday, reaching $211.33. The company had a trading volume of 2,138,596 shares, compared to its average volume of 1,718,836. The business has a 50-day moving average of $241.01 and a two-hundred day moving average of $244.11. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22. The company has a market cap of $50.64 billion, a P/E ratio of 34.36, a P/E/G ratio of 2.86 and a beta of 1.19.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. On average, equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 21st were issued 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 0.28%. Hilton Worldwide's dividend payout ratio (DPR) is 9.76%.

Insider Buying and Selling

In related news, insider Christopher J. Nassetta sold 40,653 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value 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 trade represents a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HLT shares. Susquehanna raised 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. Barclays boosted their price target on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Mizuho reiterated a "neutral" rating and set a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Raymond James boosted their target price on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, Macquarie upped their price target on Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $248.88.

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.