Tokio Marine Asset Management Co. Ltd. Acquires 367 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,759 shares of the company’s stock after buying an additional 367 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Hilton Worldwide were worth $1,788,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HLT. Metis Global Partners LLC raised its position in shares of Hilton Worldwide by 0.9% during the 3rd quarter. Metis Global Partners LLC now owns 10,308 shares of the company’s stock valued at $2,376,000 after acquiring an additional 88 shares during the last quarter. Schrum Private Wealth Management LLC bought a new stake in Hilton Worldwide in the third quarter valued at about $272,000. Oppenheimer Asset Management Inc. lifted its stake in Hilton Worldwide by 50.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 2,940 shares of the company’s stock valued at $678,000 after buying an additional 992 shares during the period. Haverford Trust Co boosted its holdings in Hilton Worldwide by 18.7% during the third quarter. Haverford Trust Co now owns 1,704 shares of the company’s stock worth $393,000 after buying an additional 268 shares during the last quarter. Finally, Aigen Investment Management LP grew its position in shares of Hilton Worldwide by 5.0% during the 3rd quarter. Aigen Investment Management LP now owns 14,314 shares of the company’s stock worth $3,299,000 after buying an additional 683 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

Hilton Worldwide stock opened at $250.08 on Friday. The firm has a 50-day moving average of $232.18 and a 200-day moving average of $217.92. The company has a market cap of $60.96 billion, a price-to-earnings ratio of 53.67, a P/E/G ratio of 3.18 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a one year low of $164.93 and a one year high of $255.86.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the company earned $1.67 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s dividend payout ratio is currently 12.88%.

Hilton Worldwide declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 14th that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. TD Cowen reduced their price objective on shares of Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Mizuho increased their target price on shares of Hilton Worldwide from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Robert W. Baird boosted their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a report on Monday, October 21st. Finally, Barclays lowered their price target on Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $228.71.

Insider Activity

In other news, insider Laura Fuentes sold 4,919 shares of Hilton Worldwide stock in a transaction that occurred on Friday, September 13th. The stock was 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 directly owns 15,949 shares in the company, valued at approximately $3,460,933. The trade was a 23.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael W. Duffy sold 14,357 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total value of $3,384,375.61. Following the completion of the sale, the insider now owns 22,833 shares in the company, valued at approximately $5,382,423.09. This trade represents a 38.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

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.