Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,485 shares of the company’s stock after buying an additional 135 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Hilton Worldwide were worth $743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HLT. EdgeRock Capital LLC purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at approximately $25,000. Activest Wealth Management purchased a new position in shares of Hilton Worldwide in the fourth quarter worth $26,000. Independence Bank of Kentucky lifted its stake in shares of Hilton Worldwide by 66.7% during the first quarter. Independence Bank of Kentucky now owns 125 shares of the company’s stock worth $27,000 after buying an additional 50 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of Hilton Worldwide during the fourth quarter valued at $28,000. Finally, Raleigh Capital Management Inc. increased its position in shares of Hilton Worldwide by 48.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 171 shares of the company’s stock valued at $31,000 after acquiring an additional 56 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hilton Worldwide

In related news, Director Melanie Healey bought 2,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average cost of $199.65 per share, for a total transaction of $399,300.00. Following the acquisition, the director now directly owns 14,938 shares in the company, valued at $2,982,371.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HLT. Barclays increased their price objective on Hilton Worldwide from $216.00 to $219.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. TD Cowen boosted their target price on shares of Hilton Worldwide from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft increased their price target on Hilton Worldwide from $176.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, April 25th. Mizuho decreased their price objective on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company lifted their price target on Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 20th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $208.00.

Hilton Worldwide Price Performance

Shares of NYSE:HLT opened at $219.98 on Thursday. Hilton Worldwide Holdings Inc. has a 1 year low of $146.00 and a 1 year high of $220.00. The firm has a market capitalization of $55.01 billion, a PE ratio of 47.82, a P/E/G ratio of 1.88 and a beta of 1.31. The business’s 50 day moving average price is $207.64 and its 200-day moving average price is $201.15.

Hilton Worldwide (NYSE:HLT) last announced its earnings results on Wednesday, April 24th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.12. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.24 EPS. As a group, analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, May 16th. Hilton Worldwide’s dividend payout ratio (DPR) is 13.04%.

About Hilton Worldwide

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.