JPMorgan Chase & Co. Buys 761,104 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

JPMorgan Chase & Co. lifted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 10.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,044,198 shares of the company’s stock after purchasing an additional 761,104 shares during the quarter. JPMorgan Chase & Co. owned about 3.22% of Hilton Worldwide worth $1,715,908,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new position in Hilton Worldwide in the 4th quarter worth approximately $475,073,000. Gray Foundation purchased a new position in Hilton Worldwide in the 4th quarter worth approximately $133,229,000. Artemis Investment Management LLP purchased a new position in Hilton Worldwide in the 4th quarter worth approximately $64,221,000. Kodai Capital Management LP purchased a new position in Hilton Worldwide in the 4th quarter worth approximately $55,350,000. Finally, International Assets Investment Management LLC raised its holdings in Hilton Worldwide by 19,454.9% in the 4th quarter. International Assets Investment Management LLC now owns 296,453 shares of the company’s stock worth $53,981,000 after acquiring an additional 294,937 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Performance

NYSE HLT traded up $0.19 on Friday, reaching $219.19. 1,594,825 shares of the company’s stock traded hands, compared to its average volume of 1,556,347. The firm has a market cap of $54.81 billion, a price-to-earnings ratio of 47.65, a P/E/G ratio of 1.92 and a beta of 1.31. The stock has a 50 day moving average price of $210.43 and a 200-day moving average price of $203.09. Hilton Worldwide Holdings Inc. has a fifty-two week low of $146.00 and a fifty-two week high of $229.03.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.07 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 17th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.27%. Hilton Worldwide’s dividend payout ratio is presently 13.04%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, Director Melanie Healey acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $199.65 per share, with a total value of $399,300.00. Following the purchase, the director now owns 14,938 shares in the company, valued at $2,982,371.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HLT has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Mizuho decreased their target price on shares of Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Robert W. Baird upped their target price on shares of Hilton Worldwide from $212.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, Truist Financial upped their target price on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Hilton Worldwide presently has an average rating of “Hold” and a consensus target price of $208.89.

Hilton Worldwide 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.