BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 5,464 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,188 shares of the company's stock after purchasing an additional 5,464 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Hilton Worldwide were worth $11,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Fiduciary Trust Co increased its position in Hilton Worldwide by 0.5% during the 4th quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock worth $1,810,000 after purchasing an additional 38 shares in the last quarter. Palumbo Wealth Management LLC raised its position in Hilton Worldwide by 2.0% in the fourth quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock valued at $528,000 after purchasing an additional 41 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Hilton Worldwide by 1.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock valued at $799,000 after purchasing an additional 43 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Hilton Worldwide by 2.8% during the fourth quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock worth $444,000 after purchasing an additional 49 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its position in Hilton Worldwide by 3.7% during the 4th quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company's stock worth $351,000 after buying an additional 51 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Price Performance

Shares of HLT traded down $0.93 during trading hours on Wednesday, hitting $252.15. The stock had a trading volume of 536,437 shares, compared to its average volume of 1,753,372. Hilton Worldwide Holdings Inc. has a 1-year low of $194.93 and a 1-year high of $275.22. The firm has a market capitalization of $59.94 billion, a P/E ratio of 40.98, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The firm has a 50 day simple moving average of $229.14 and a 200-day simple moving average of $243.69.

Hilton Worldwide (NYSE:HLT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.73 billion. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.53 earnings per share. Equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently issued reports on HLT. Mizuho reaffirmed a "neutral" rating and set a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research note on Wednesday, February 5th. Wells Fargo & Company lifted their target price on Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 4th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a research report on Monday, April 14th. Susquehanna raised their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Finally, Dbs Bank upgraded Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Eleven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Hilton Worldwide has an average rating of "Hold" and a consensus price target of $245.56.

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.