Capital Group Investment Management PTE. LTD. Purchases 144 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Capital Group Investment Management PTE. LTD. raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,374 shares of the company’s stock after buying an additional 144 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in Hilton Worldwide were worth $4,294,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Palumbo Wealth Management LLC grew its stake in Hilton Worldwide by 2.0% in the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock valued at $528,000 after buying an additional 41 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of Hilton Worldwide by 1.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock worth $799,000 after acquiring an additional 43 shares during the period. Versant Capital Management Inc grew its position in shares of Hilton Worldwide by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock valued at $92,000 after purchasing an additional 48 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Hilton Worldwide by 2.8% during the 4th quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company’s stock valued at $444,000 after purchasing an additional 49 shares during the period. Finally, Angeles Wealth Management LLC lifted its holdings in Hilton Worldwide by 3.7% during the 4th quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company’s stock worth $351,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on HLT shares. Barclays lifted their target price on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Susquehanna upped their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $235.00 target price (down from $296.00) on shares of Hilton Worldwide in a research note on Monday. Mizuho restated a “neutral” rating and set a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Finally, Macquarie increased their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and a consensus price target of $248.88.

Hilton Worldwide Trading Up 0.6 %

Shares of Hilton Worldwide stock opened at $210.43 on Friday. The firm has a market capitalization of $50.42 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a 12 month low of $193.86 and a 12 month high of $275.22. The business’s 50-day moving average price is $237.50 and its 200-day moving average price is $243.51.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. As a group, analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 annualized dividend and a yield of 0.29%. Hilton Worldwide’s payout ratio is 9.76%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the sale, the insider now owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Hilton Worldwide 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.