ASR Vermogensbeheer N.V. Takes $9.60 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new position in Hilton Worldwide Holdings Inc., purchasing 42,185 shares valued at approximately $9.60 million during the first quarter.
• Major institutional investors, including Vanguard Group Inc. and Capital International Investors, have recently increased their holdings in Hilton, indicating strong institutional interest in the stock.
• Hilton Worldwide reported earnings per share of $2.20 for the last quarter, exceeding analyst expectations, with a revenue of $3.14 billion, a 6.3% increase compared to the same period last year.

ASR Vermogensbeheer N.V. purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 42,185 shares of the company's stock, valued at approximately $9,599,000.

Several other hedge funds have also recently added to or reduced their stakes in HLT. Vanguard Group Inc. grew its holdings in shares of Hilton Worldwide by 0.4% during the first quarter. Vanguard Group Inc. now owns 25,115,086 shares of the company's stock worth $5,714,938,000 after buying an additional 104,802 shares in the last quarter. Capital International Investors lifted its stake in shares of Hilton Worldwide by 2.0% in the fourth quarter. Capital International Investors now owns 7,225,495 shares of the company's stock worth $1,786,151,000 after buying an additional 142,620 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Hilton Worldwide by 8.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company's stock worth $1,100,530,000 after acquiring an additional 364,307 shares during the last quarter. Jennison Associates LLC grew its stake in Hilton Worldwide by 11.3% during the 1st quarter. Jennison Associates LLC now owns 3,784,366 shares of the company's stock valued at $861,132,000 after acquiring an additional 385,096 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Hilton Worldwide by 15.7% in the 4th quarter. Northern Trust Corp now owns 2,411,699 shares of the company's stock valued at $596,076,000 after acquiring an additional 327,267 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Macquarie boosted their target price on Hilton Worldwide from $240.00 to $258.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Dbs Bank raised Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group reaffirmed 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, April 14th. Barclays reduced their price target on Hilton Worldwide from $296.00 to $291.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Finally, Morgan Stanley dropped their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Hilton Worldwide has an average rating of "Moderate Buy" and a consensus target price of $259.19.

Hilton Worldwide Stock Up 0.3%

NYSE:HLT opened at $260.96 on Thursday. The stock's fifty day moving average is $262.06 and its two-hundred day moving average is $248.06. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $279.46. The stock has a market capitalization of $61.37 billion, a price-to-earnings ratio of 40.09, a price-to-earnings-growth ratio of 2.57 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.16. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. Hilton Worldwide had a net margin of 13.84% and a negative return on equity of 46.13%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.91 earnings per share. On average, sell-side analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 29th. Hilton Worldwide's dividend payout ratio (DPR) is 9.22%.

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.

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