Brown Brothers Harriman & Co. Increases Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Brown Brothers Harriman & Co. raised its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 30.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 728 shares of the company’s stock after buying an additional 172 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Hilton Worldwide were worth $180,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HLT. Principal Financial Group Inc. raised its stake in Hilton Worldwide by 15.3% during the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. Townsquare Capital LLC lifted its holdings in Hilton Worldwide by 60.7% in the third quarter. Townsquare Capital LLC now owns 6,289 shares of the company’s stock valued at $1,450,000 after acquiring an additional 2,376 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Hilton Worldwide by 120.3% in the third quarter. Rockefeller Capital Management L.P. now owns 53,235 shares of the company’s stock worth $12,266,000 after acquiring an additional 29,065 shares during the period. Captrust Financial Advisors raised its position in Hilton Worldwide by 15.6% in the third quarter. Captrust Financial Advisors now owns 17,105 shares of the company’s stock valued at $3,943,000 after purchasing an additional 2,306 shares during the period. Finally, True Wealth Design LLC lifted its stake in shares of Hilton Worldwide by 2,400.0% in the 3rd quarter. True Wealth Design LLC now owns 175 shares of the company’s stock valued at $40,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HLT shares. Barclays raised their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Macquarie upped their price objective on shares of Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Morgan Stanley lifted their target price on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Mizuho restated a “neutral” rating and set a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $219.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $254.53.

Hilton Worldwide Stock Up 0.8 %

NYSE HLT opened at $227.53 on Tuesday. Hilton Worldwide Holdings Inc. has a 52 week low of $193.86 and a 52 week high of $275.22. The firm has a 50 day moving average of $250.55 and a two-hundred day moving average of $245.23. The stock has a market capitalization of $54.52 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. On average, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.26%. Hilton Worldwide’s dividend payout ratio is currently 9.76%.

Insiders Place Their Bets

In other news, insider Christopher J. Nassetta sold 40,653 shares of Hilton Worldwide stock in a transaction dated Friday, February 7th. The stock was 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 in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is owned by corporate insiders.

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.