Forsta AP Fonden Boosts Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Forsta AP Fonden increased its stake in Hilton Worldwide Holdings Inc. by 37.6%, owning 76,900 shares worth approximately $17.5 million after acquiring an additional 21,000 shares.
• Hedge funds and institutional investors own 95.90% of Hilton's stock, with notable increases in positions from Citigroup Inc. and Mitsubishi UFJ Asset Management.
• Hilton recently declared a $0.15 per share quarterly dividend, representing an annualized dividend yield of 0.2% and a dividend payout ratio of 9.22%.

Forsta AP Fonden lifted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 37.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,900 shares of the company's stock after purchasing an additional 21,000 shares during the quarter. Forsta AP Fonden's holdings in Hilton Worldwide were worth $17,499,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Fiduciary Trust Co raised its position in Hilton Worldwide by 0.5% in the 4th quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock valued at $1,810,000 after purchasing an additional 38 shares during the last quarter. Apollon Wealth Management LLC raised its position in Hilton Worldwide by 2.9% in the 1st quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company's stock valued at $351,000 after purchasing an additional 44 shares during the last quarter. First Bank & Trust raised its position in Hilton Worldwide by 0.5% in the 1st quarter. First Bank & Trust now owns 10,439 shares of the company's stock valued at $2,375,000 after purchasing an additional 48 shares during the last quarter. CoreCap Advisors LLC raised its position in Hilton Worldwide by 6.1% in the 4th quarter. CoreCap Advisors LLC now owns 890 shares of the company's stock valued at $220,000 after purchasing an additional 51 shares during the last quarter. Finally, Catalyst Financial Partners LLC raised its position in Hilton Worldwide by 5.8% in the 1st quarter. Catalyst Financial Partners LLC now owns 961 shares of the company's stock valued at $219,000 after purchasing an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their price objective for the company from $228.00 to $296.00 in a research note on Monday, May 12th. Morgan Stanley dropped their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird boosted their price objective on shares of Hilton Worldwide from $276.00 to $278.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Hilton Worldwide in a research note on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $264.40.

Hilton Worldwide Price Performance

NYSE:HLT traded down $1.16 on Monday, reaching $261.14. The stock had a trading volume of 1,523,264 shares, compared to its average volume of 1,920,278. The company has a market cap of $61.42 billion, a price-to-earnings ratio of 34.51, a P/E/G ratio of 2.58 and a beta of 1.26. The firm's fifty day moving average is $262.60 and its two-hundred day moving average is $248.25. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $279.46.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.04 by $0.16. The company 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 firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.91 EPS. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued 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 is Friday, August 29th. Hilton Worldwide's dividend payout ratio is presently 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.