Asset Management One Co. Ltd. Boosts Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Asset Management One Co. Ltd. raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 3.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,767 shares of the company's stock after purchasing an additional 4,380 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Hilton Worldwide were worth $27,025,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Noble Wealth Management PBC acquired a new position in Hilton Worldwide during the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Hilton Worldwide in the fourth quarter worth $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Hilton Worldwide in the fourth quarter worth $41,000. ORG Partners LLC increased its stake in shares of Hilton Worldwide by 78.7% in the first quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after acquiring an additional 74 shares during the period. Finally, Beacon Capital Management LLC increased its stake in shares of Hilton Worldwide by 76.0% in the first quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Hilton Worldwide Trading Up 1.6%

HLT traded up $4.19 during midday trading on Thursday, hitting $257.91. 1,584,666 shares of the company traded hands, compared to its average volume of 1,761,188. The company has a market capitalization of $61.30 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 2.89 and a beta of 1.24. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $275.22. The business has a 50 day simple moving average of $242.25 and a two-hundred day simple moving average of $243.50.

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 (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.11. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The company's revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.53 earnings per share. Equities research analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, May 26th will be issued a dividend of $0.15 per share. This represents a yield of 0.23%. The ex-dividend date is Friday, May 23rd. Hilton Worldwide's payout ratio is 9.46%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HLT. Jefferies Financial Group upgraded shares of Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price objective for the stock from $228.00 to $296.00 in a research note on Monday, May 12th. Barclays cut their price objective on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. began coverage on shares of Hilton Worldwide in a research note on Monday. They issued an "overweight" rating and a $282.00 price objective on the stock. Dbs Bank upgraded shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Finally, Evercore ISI cut their price objective on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Hilton Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $249.06.

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.