Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Man Group plc

Man Group plc lifted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 292.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,034 shares of the company's stock after buying an additional 37,283 shares during the quarter. Man Group plc's holdings in Hilton Worldwide were worth $12,366,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HLT. Norges Bank acquired a new position in Hilton Worldwide in the fourth quarter valued at $694,787,000. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 919,424 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 purchasing an additional 685,023 shares during the period. Marshall Wace LLP grew its stake in Hilton Worldwide by 426.9% during the 4th quarter. Marshall Wace LLP now owns 762,261 shares of the company's stock worth $188,400,000 after buying an additional 617,604 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in Hilton Worldwide by 2,746.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company's stock worth $133,487,000 after buying an additional 484,436 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Hilton Worldwide Price Performance

HLT stock traded down $6.45 during midday trading on Wednesday, hitting $246.96. The stock had a trading volume of 2,064,974 shares, compared to its average volume of 1,764,629. Hilton Worldwide Holdings Inc. has a 12-month low of $194.93 and a 12-month high of $275.22. The firm has a market cap of $58.70 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. The company's 50-day moving average price is $227.52 and its 200 day moving average price is $243.50.

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, beating 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 analyst estimates of $2.73 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. The business's quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on HLT shares. Morgan Stanley cut their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Mizuho reaffirmed a "neutral" rating and issued a $263.00 target price (up from $243.00) on shares of Hilton Worldwide in a report on Wednesday, February 5th. Macquarie lowered their price target on Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Jefferies Financial Group raised 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 report on Monday, May 12th. Finally, Barclays cut their price target on 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 equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.