Natixis lessened its stake in shares of Hilton Worldwide (NYSE:HLT) by 52.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,305 shares of the company’s stock after selling 3,593 shares during the quarter. Natixis’ holdings in Hilton Worldwide were worth $260,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Hilton Worldwide by 24.2% in the first quarter. Principal Financial Group Inc. now owns 5,531,823 shares of the company’s stock worth $435,687,000 after buying an additional 1,077,659 shares during the last quarter. Centersquare Investment Management LLC acquired a new position in Hilton Worldwide in the first quarter worth approximately $81,169,000. Two Sigma Advisers LP grew its position in Hilton Worldwide by 203.6% in the fourth quarter. Two Sigma Advisers LP now owns 986,040 shares of the company’s stock worth $78,745,000 after buying an additional 661,206 shares during the last quarter. Capital Growth Management LP acquired a new position in Hilton Worldwide in the first quarter worth approximately $45,681,000. Finally, Amundi Pioneer Asset Management Inc. grew its position in Hilton Worldwide by 300.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 494,777 shares of the company’s stock worth $39,513,000 after buying an additional 371,101 shares during the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.
Several research analysts have issued reports on HLT shares. Zacks Investment Research upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Wednesday, March 7th. ValuEngine upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. Robert W. Baird set a $90.00 price target on shares of Hilton Worldwide and gave the stock a “buy” rating in a research report on Friday, April 13th. Deutsche Bank lifted their price target on shares of Hilton Worldwide from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, April 20th. Finally, B. Riley lifted their price target on shares of Hilton Worldwide from $84.00 to $87.00 and gave the stock a “hold” rating in a research report on Friday, April 27th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $84.88.
In other Hilton Worldwide news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of Hilton Worldwide stock in a transaction on Friday, April 13th. The shares were sold at an average price of $73.00, for a total transaction of $4,818,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company’s stock.
NYSE HLT opened at $78.26 on Thursday. Hilton Worldwide has a twelve month low of $60.54 and a twelve month high of $88.11. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $23.79 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 2.95 and a beta of 1.32.
Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings data on Thursday, April 26th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Hilton Worldwide had a net margin of 14.87% and a return on equity of 41.44%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the company posted $0.38 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. equities analysts expect that Hilton Worldwide will post 2.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, May 11th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 10th. Hilton Worldwide’s payout ratio is 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.
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide (NYSE:HLT).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.