SG Americas Securities LLC boosted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 94.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,048 shares of the company’s stock after purchasing an additional 6,835 shares during the quarter. SG Americas Securities LLC’s holdings in Hilton Worldwide were worth $1,979,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in HLT. Norges Bank bought a new stake in Hilton Worldwide in the 4th quarter valued at $337,490,000. T. Rowe Price Investment Management Inc. boosted its stake in Hilton Worldwide by 36.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,237,885 shares of the company’s stock valued at $1,167,300,000 after purchasing an additional 2,480,451 shares during the period. Renaissance Technologies LLC lifted its position in shares of Hilton Worldwide by 157.5% during the 4th quarter. Renaissance Technologies LLC now owns 1,160,238 shares of the company’s stock valued at $146,608,000 after acquiring an additional 709,638 shares during the period. Royal Bank of Canada lifted its position in shares of Hilton Worldwide by 54.7% during the 1st quarter. Royal Bank of Canada now owns 1,840,444 shares of the company’s stock valued at $279,270,000 after acquiring an additional 650,540 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Hilton Worldwide by 16.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,200,822 shares of the company’s stock valued at $637,433,000 after acquiring an additional 583,516 shares during the period. 93.84% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
HLT has been the subject of a number of recent analyst reports. Morgan Stanley cut their target price on Hilton Worldwide from $166.00 to $163.00 in a research report on Tuesday, June 27th. Deutsche Bank Aktiengesellschaft upped their target price on Hilton Worldwide from $137.00 to $142.00 in a research report on Thursday, April 27th. Argus cut their target price on Hilton Worldwide from $170.00 to $162.00 in a research report on Thursday, April 27th. StockNews.com assumed coverage on Hilton Worldwide in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Barclays boosted their price target on Hilton Worldwide from $166.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $154.07.
Hilton Worldwide Trading Up 1.7 %
Hilton Worldwide (NYSE:HLT – Get Free Report) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.10. Hilton Worldwide had a negative return on equity of 141.34% and a net margin of 13.36%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue was up 33.2% compared to the same quarter last year. As a group, analysts predict that Hilton Worldwide Holdings Inc. will post 5.85 earnings per share for the current fiscal year.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, May 19th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. Hilton Worldwide’s dividend payout ratio (DPR) is 13.16%.
Insider Transactions at Hilton Worldwide
In other Hilton Worldwide news, Director Douglas M. Steenland bought 695 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was acquired at an average price of $143.73 per share, with a total value of $99,892.35. Following the completion of the purchase, the director now directly owns 26,194 shares of the company’s stock, valued at approximately $3,764,863.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Hilton Worldwide news, insider Laura Fuentes sold 12,513 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $141.42, for a total value of $1,769,588.46. Following the completion of the sale, the insider now owns 5,270 shares of the company’s stock, valued at $745,283.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas M. Steenland bought 695 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were bought at an average cost of $143.73 per share, for a total transaction of $99,892.35. Following the transaction, the director now owns 26,194 shares of the company’s stock, valued at $3,764,863.62. The disclosure for this purchase can be found here. 2.40% of the stock is owned by corporate insiders.
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 premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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