JPMorgan Chase & Co. Sells 373,528 Shares of Hilton Worldwide (HLT)

JPMorgan Chase & Co. reduced its stake in Hilton Worldwide (NYSE:HLT) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,632,100 shares of the company’s stock after selling 373,528 shares during the quarter. JPMorgan Chase & Co.’s holdings in Hilton Worldwide were worth $1,073,665,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HLT. Atria Investments LLC purchased a new position in Hilton Worldwide during the fourth quarter worth about $292,000. Bank of Montreal Can increased its stake in Hilton Worldwide by 29.3% during the fourth quarter. Bank of Montreal Can now owns 160,934 shares of the company’s stock worth $12,853,000 after acquiring an additional 36,505 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Hilton Worldwide by 3.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 809,020 shares of the company’s stock worth $64,609,000 after acquiring an additional 27,548 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Hilton Worldwide by 75.7% during the fourth quarter. State of Alaska Department of Revenue now owns 33,983 shares of the company’s stock worth $2,712,000 after acquiring an additional 14,646 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in Hilton Worldwide by 0.5% during the fourth quarter. APG Asset Management N.V. now owns 279,640 shares of the company’s stock worth $18,598,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

HLT has been the subject of several research analyst reports. TheStreet upgraded Hilton Worldwide from a “c” rating to a “b” rating in a research note on Wednesday, February 14th. Robert W. Baird set a $90.00 target price on Hilton Worldwide and gave the company a “buy” rating in a research note on Friday, April 13th. ValuEngine upgraded Hilton Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. SunTrust Banks increased their target price on Hilton Worldwide to $92.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $93.00 target price on shares of Hilton Worldwide in a research note on Tuesday, February 27th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Hilton Worldwide currently has a consensus rating of “Buy” and an average price target of $83.28.

In other Hilton Worldwide news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $73.00, for a total transaction of $4,818,000,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

Shares of Hilton Worldwide opened at $82.03 on Friday, according to Marketbeat Ratings. Hilton Worldwide has a fifty-two week low of $60.54 and a fifty-two week high of $88.11. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 3.75. The company has a market cap of $24.73 billion, a price-to-earnings ratio of 41.02, a price-to-earnings-growth ratio of 6.14 and a beta of 1.33.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Thursday, April 26th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Hilton Worldwide had a return on equity of 41.44% and a net margin of 14.87%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the firm earned $0.38 EPS. Hilton Worldwide’s quarterly revenue was up 9.4% on a year-over-year basis. equities analysts expect that Hilton Worldwide will post 2.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, May 11th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.73%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 30.00%.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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