APG Asset Management N.V. Has $115.58 Million Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

APG Asset Management N.V. cut its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 14.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 567,690 shares of the company’s stock after selling 93,019 shares during the period. APG Asset Management N.V.’s holdings in Hilton Worldwide were worth $115,577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its stake in Hilton Worldwide by 36.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after acquiring an additional 1,282,676 shares during the last quarter. Capital World Investors boosted its position in shares of Hilton Worldwide by 66.3% in the 1st quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock worth $667,148,000 after purchasing an additional 1,246,662 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Hilton Worldwide by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock worth $1,715,908,000 after purchasing an additional 761,104 shares during the period. Gray Foundation bought a new stake in Hilton Worldwide in the fourth quarter valued at about $133,229,000. Finally, PineStone Asset Management Inc. acquired a new position in Hilton Worldwide in the second quarter valued at about $98,607,000. Institutional investors own 95.90% of the company’s stock.

Insiders Place Their Bets

In other news, insider Laura Fuentes sold 4,919 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares of the company’s stock, valued at approximately $3,460,933. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on HLT shares. Macquarie upped their price target on Hilton Worldwide from $205.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Barclays lowered their target price on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. The Goldman Sachs Group assumed coverage on shares of Hilton Worldwide in a research report on Wednesday, September 18th. They set a “buy” rating and a $245.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Finally, Susquehanna assumed coverage on Hilton Worldwide in a report on Friday, June 21st. They set a “neutral” rating and a $215.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $213.95.

Hilton Worldwide Stock Up 2.4 %

Shares of HLT stock opened at $232.91 on Friday. Hilton Worldwide Holdings Inc. has a 12 month low of $146.35 and a 12 month high of $233.18. The company’s fifty day simple moving average is $215.12 and its 200-day simple moving average is $210.44. The firm has a market cap of $57.40 billion, a PE ratio of 50.63, a P/E/G ratio of 2.46 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 EPS. On average, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be paid a $0.15 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.26%. Hilton Worldwide’s dividend payout ratio is 13.04%.

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.