Bamco Inc. NY Raises Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Bamco Inc. NY grew its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,734 shares of the company's stock after acquiring an additional 11,439 shares during the quarter. Bamco Inc. NY owned about 0.13% of Hilton Worldwide worth $79,025,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Noble Wealth Management PBC purchased a new stake in shares of Hilton Worldwide during the 4th quarter valued at $27,000. VSM Wealth Advisory LLC bought a new stake in Hilton Worldwide during the fourth quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Hilton Worldwide in the 4th quarter worth about $34,000. Sierra Ocean LLC bought a new position in shares of Hilton Worldwide during the 4th quarter valued at about $36,000. Finally, Hopwood Financial Services Inc. bought a new stake in Hilton Worldwide in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 40,653 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares of the company's stock, valued at $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.60% of the company's stock.

Hilton Worldwide Trading Up 2.2 %

HLT traded up $5.21 during midday trading on Wednesday, reaching $241.80. The company's stock had a trading volume of 2,099,858 shares, compared to its average volume of 1,757,004. The stock's 50-day moving average is $226.70 and its 200-day moving average is $242.51. Hilton Worldwide Holdings Inc. has a 1 year low of $194.93 and a 1 year high of $275.22. The firm has a market capitalization of $57.48 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 2.86 and a beta of 1.23.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.11. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the company earned $1.53 EPS. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. Hilton Worldwide's dividend payout ratio is currently 9.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HLT shares. Wells Fargo & Company boosted their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. Jefferies Financial Group cut their price target on shares of Hilton Worldwide from $277.00 to $228.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $235.00 price objective (down from $296.00) on shares of Hilton Worldwide in a research note on Monday, April 14th. Mizuho reissued a "neutral" rating and issued a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Finally, Raymond James increased their price objective on Hilton Worldwide from $250.00 to $290.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Twelve investment 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 has an average rating of "Hold" and an average target price of $241.31.

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.