Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 56.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,146 shares of the company’s stock after buying an additional 17,432 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Hilton Worldwide were worth $10,505,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new position in shares of Hilton Worldwide in the first quarter worth $2,792,000. AIA Group Ltd grew its position in Hilton Worldwide by 43.4% in the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after buying an additional 4,265 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Hilton Worldwide by 3.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock valued at $29,375,000 after buying an additional 4,677 shares during the period. PGGM Investments raised its position in shares of Hilton Worldwide by 337.6% during the 2nd quarter. PGGM Investments now owns 14,378 shares of the company’s stock worth $3,137,000 after buying an additional 11,092 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Hilton Worldwide by 25.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock worth $13,219,000 after acquiring an additional 12,740 shares during the period. 95.90% of the stock is owned by institutional investors.

Hilton Worldwide Stock Performance

Hilton Worldwide stock opened at $227.41 on Thursday. The firm has a market cap of $56.04 billion, a PE ratio of 49.44, a P/E/G ratio of 2.46 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a twelve month low of $146.35 and a twelve month high of $229.03. The firm’s 50 day moving average price is $214.97 and its two-hundred day moving average price is $210.32.

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

Hilton Worldwide Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Bank of America raised their target price on Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Barclays dropped their price target on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group started coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $213.95.

Insider Activity

In related 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 transaction of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares in the company, valued at approximately $3,460,933. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by company insiders.

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.