Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,665 shares of the company’s stock after purchasing an additional 516 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hilton Worldwide were worth $7,760,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in Hilton Worldwide in the first quarter valued at approximately $2,792,000. AIA Group Ltd raised its holdings in Hilton Worldwide by 43.4% in the first quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after acquiring an additional 4,265 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Hilton Worldwide by 3.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock valued at $29,375,000 after acquiring an additional 4,677 shares in the last quarter. PGGM Investments raised its holdings in Hilton Worldwide by 337.6% in the second quarter. PGGM Investments now owns 14,378 shares of the company’s stock valued at $3,137,000 after acquiring an additional 11,092 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Hilton Worldwide by 25.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock valued at $13,219,000 after acquiring an additional 12,740 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HLT shares. Bank of America increased their price target on shares of Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Robert W. Baird set a $235.00 price target on shares of Hilton Worldwide in a research note on Thursday. Macquarie increased their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Barclays increased their price target on shares of Hilton Worldwide from $224.00 to $244.00 and gave the company an “overweight” rating in a research note on Friday. Finally, The Goldman Sachs Group began coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $216.05.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $217.00, for a total transaction of $1,067,423.00. Following the completion of the transaction, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $238.81 on Friday. Hilton Worldwide Holdings Inc. has a one year low of $146.36 and a one year high of $240.00. The business has a fifty day moving average of $222.71 and a two-hundred day moving average of $213.39. The company has a market cap of $59.71 billion, a P/E ratio of 51.92, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $1.63 earnings per share. Hilton Worldwide’s quarterly revenue was up 10.9% compared to the same quarter last year. Sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.05 EPS for the current year.

Hilton Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 23rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Friday, August 23rd. Hilton Worldwide’s payout ratio is 13.04%.

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.