Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 550,270 shares of the company's stock after selling 3,026 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Hilton Worldwide worth $136,005,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in HLT. Bleakley Financial Group LLC boosted its holdings in Hilton Worldwide by 2.9% in the fourth quarter. Bleakley Financial Group LLC now owns 18,441 shares of the company's stock worth $4,558,000 after acquiring an additional 516 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Hilton Worldwide by 22.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,992 shares of the company's stock worth $6,981,000 after purchasing an additional 5,134 shares during the period. Berkshire Money Management Inc. bought a new position in shares of Hilton Worldwide in the 4th quarter worth $323,000. Brown Lisle Cummings Inc. increased its stake in Hilton Worldwide by 276.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 470 shares of the company's stock valued at $116,000 after purchasing an additional 345 shares in the last quarter. Finally, Longboard Asset Management LP acquired a new position in Hilton Worldwide during the fourth quarter worth $242,000. Institutional investors own 95.90% of the company's stock.
Hilton Worldwide Stock Performance
NYSE:HLT traded up $1.58 during trading hours on Tuesday, reaching $269.06. The stock had a trading volume of 2,045,003 shares, compared to its average volume of 1,507,100. Hilton Worldwide Holdings Inc. has a 12-month low of $186.83 and a 12-month high of $274.18. The stock has a 50 day simple moving average of $250.97 and a 200 day simple moving average of $236.48. The stock has a market cap of $65.59 billion, a P/E 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 57.01% and a net margin of 13.74%. On average, equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.76 earnings per share for the current fiscal year.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.22%. Hilton Worldwide's payout ratio is 9.76%.
Hilton Worldwide announced that its Board of Directors has initiated a share buyback plan on Thursday, November 14th that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on HLT shares. Mizuho reissued a "neutral" rating and set a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price objective on Hilton Worldwide from $219.00 to $226.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Macquarie lifted their target price on Hilton Worldwide from $248.00 to $260.00 and gave the company a "neutral" rating in a research report on Friday. Melius lowered Hilton Worldwide from a "buy" rating to a "hold" rating in a research report on Monday, October 21st. Finally, Robert W. Baird lifted their price objective on shares of Hilton Worldwide from $235.00 to $236.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $246.61.
Read Our Latest Analysis on Hilton Worldwide
Insiders Place Their Bets
In related news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now owns 77,383 shares of the company's stock, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael W. Duffy sold 23,366 shares of the firm'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 of the company's stock, valued at approximately $5,746,152.78. The trade was a 50.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.50% of the company's stock.
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.
See Also
Before you consider Hilton Worldwide, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hilton Worldwide wasn't on the list.
While Hilton Worldwide currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
