Deutsche Bank AG Has $123.49 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Deutsche Bank AG has reduced its stake in Hilton Worldwide by 6.9% during the 1st quarter, now holding 542,703 shares worth approximately $123.5 million.
• Institutional investors own 95.90% of Hilton Worldwide, with several funds, including ORG Partners LLC and Valley National Advisers Inc., significantly increasing their holdings in the same quarter.
• Hilton Worldwide's stock has shown strong performance, reporting earnings of $2.20 EPS for the last quarter, exceeding estimates and marking a 6.3% revenue increase year-over-year.

Deutsche Bank AG decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 542,703 shares of the company's stock after selling 40,154 shares during the quarter. Deutsche Bank AG owned about 0.23% of Hilton Worldwide worth $123,492,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC increased its holdings in Hilton Worldwide by 78.7% during the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock valued at $38,000 after purchasing an additional 74 shares in the last quarter. Beacon Capital Management LLC increased its holdings in Hilton Worldwide by 76.0% during the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock valued at $40,000 after purchasing an additional 76 shares in the last quarter. Valley National Advisers Inc. increased its holdings in Hilton Worldwide by 244.8% during the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock valued at $45,000 after purchasing an additional 142 shares in the last quarter. Optiver Holding B.V. increased its holdings in Hilton Worldwide by 127.1% during the 4th quarter. Optiver Holding B.V. now owns 218 shares of the company's stock valued at $54,000 after purchasing an additional 122 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Hilton Worldwide during the 1st quarter valued at $54,000. Institutional investors own 95.90% of the company's stock.

Hilton Worldwide Price Performance

NYSE:HLT traded down $2.48 during trading hours on Thursday, reaching $270.37. 1,065,148 shares of the company were exchanged, compared to its average volume of 2,032,815. The company has a market capitalization of $63.59 billion, a P/E ratio of 41.53, a P/E/G ratio of 2.65 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $279.46. The business has a 50 day moving average of $263.66 and a 200 day moving average of $248.66.

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 the consensus estimate of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the prior year, the company earned $1.91 earnings per share. The company's quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 29th. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide's dividend payout ratio (DPR) is presently 9.22%.

Wall Street Analyst Weigh In

Several research firms have recently commented on HLT. Bank of America lifted their target price on Hilton Worldwide from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Macquarie lifted 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. JPMorgan Chase & Co. assumed coverage on Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price target on the stock. Jefferies Financial Group upgraded Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their price target for the company from $228.00 to $296.00 in a report on Monday, May 12th. Finally, Raymond James Financial increased their price target on Hilton Worldwide from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $264.40.

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.