Asset Management One Co. Ltd. Grows Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Asset Management One Co. Ltd. boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.7% in the third quarter, HoldingsChannel.com reports. The firm owned 109,042 shares of the company’s stock after buying an additional 3,932 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Hilton Worldwide were worth $25,134,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position 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 during the last quarter. Whittier Trust Co. grew its stake in Hilton Worldwide by 1.5% during the 1st quarter. Whittier Trust Co. now owns 5,040 shares of the company’s stock worth $1,075,000 after buying an additional 76 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Hilton Worldwide by 4.0% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,485 shares of the company’s stock worth $743,000 after buying an additional 135 shares during the period. Signaturefd LLC boosted its holdings in shares of Hilton Worldwide by 5.5% in the first quarter. Signaturefd LLC now owns 7,981 shares of the company’s stock valued at $1,702,000 after acquiring an additional 413 shares during the period. Finally, Team Hewins LLC purchased a new position in shares of Hilton Worldwide during the first quarter worth approximately $237,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares of the company’s stock, valued at approximately $5,382,423.09. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 15,949 shares in the company, valued at approximately $3,460,933. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael W. Duffy sold 14,357 shares of Hilton Worldwide stock in a transaction dated 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 of the company’s stock, valued at $5,382,423.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

Hilton Worldwide Trading Down 1.3 %

Shares of NYSE HLT opened at $233.40 on Tuesday. The stock has a market cap of $56.90 billion, a price-to-earnings ratio of 50.09, a PEG ratio of 2.95 and a beta of 1.30. The company’s 50-day moving average price is $228.03 and its 200 day moving average price is $215.71. Hilton Worldwide Holdings Inc. has a 52 week low of $154.82 and a 52 week high of $241.24.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.92 EPS 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 for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. Hilton Worldwide’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, research 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 announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. Hilton Worldwide’s dividend payout ratio (DPR) is 12.88%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HLT shares. Melius Research reiterated a “hold” rating on shares of Hilton Worldwide in a research note on Monday, October 21st. Wells Fargo & Company dropped their price target on Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Barclays decreased their price objective on Hilton Worldwide from $244.00 to $243.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group assumed coverage on Hilton Worldwide in a research note on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Hilton Worldwide presently has a consensus rating of “Hold” and an average target price of $228.71.

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.