Handelsbanken Fonder AB Reduces Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Handelsbanken Fonder AB lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,028 shares of the company's stock after selling 1,322 shares during the period. Handelsbanken Fonder AB's holdings in Hilton Worldwide were worth $20,486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HLT. Norges Bank purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth about $694,787,000. GAMMA Investing LLC raised its holdings in Hilton Worldwide by 23,543.6% in the 1st quarter. GAMMA Investing LLC now owns 1,053,557 shares of the company's stock valued at $2,397,370,000 after acquiring an additional 1,049,101 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Hilton Worldwide by 13.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company's stock valued at $1,952,314,000 after acquiring an additional 919,424 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Hilton Worldwide by 26.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company's stock valued at $806,999,000 after acquiring an additional 685,023 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Hilton Worldwide by 426.9% in the 4th quarter. Marshall Wace LLP now owns 762,261 shares of the company's stock valued at $188,400,000 after acquiring an additional 617,604 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Evercore ISI dropped their price target on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a research note on Wednesday, April 23rd. Macquarie dropped their price target on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price target for the company from $228.00 to $296.00 in a research note on Monday, May 12th. Finally, Barclays dropped their price target on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Eleven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Hilton Worldwide presently has an average rating of "Hold" and a consensus price target of $245.56.

Hilton Worldwide Trading Down 2.7%

HLT traded down $6.74 on Friday, hitting $243.81. 2,254,883 shares of the company were exchanged, compared to its average volume of 1,753,381. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $275.22. The company has a market cap of $57.95 billion, a price-to-earnings ratio of 39.64, a price-to-earnings-growth ratio of 2.86 and a beta of 1.24. The firm has a 50-day moving average price of $236.08 and a two-hundred day moving average price of $243.66.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.73 billion. During the same period in the previous year, the firm posted $1.53 EPS. Hilton Worldwide's revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

The firm also recently declared 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 of this dividend is Friday, May 23rd. Hilton Worldwide's dividend payout ratio (DPR) is 9.46%.

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.