Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,999 shares of the company's stock after purchasing an additional 1,336 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Hilton Worldwide were worth $7,964,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fiduciary Trust Co increased its position in Hilton Worldwide by 0.5% during the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock valued at $1,810,000 after acquiring an additional 38 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Hilton Worldwide by 6.1% in the fourth quarter. CoreCap Advisors LLC now owns 890 shares of the company's stock worth $220,000 after buying an additional 51 shares during the last quarter. Lindbrook Capital LLC grew its position in Hilton Worldwide by 1.9% during the fourth quarter. Lindbrook Capital LLC now owns 3,017 shares of the company's stock valued at $746,000 after buying an additional 56 shares during the period. Marcum Wealth LLC increased its holdings in Hilton Worldwide by 5.8% during the first quarter. Marcum Wealth LLC now owns 1,063 shares of the company's stock valued at $242,000 after buying an additional 58 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its holdings in Hilton Worldwide by 1.6% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,768 shares of the company's stock valued at $931,000 after buying an additional 61 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HLT. JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a research report on Monday, June 23rd. They set an "overweight" rating and a $282.00 price objective for the company. Barclays decreased their price target on shares of Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley decreased their target price on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird increased their price objective on shares of Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Dbs Bank upgraded Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.06.

Hilton Worldwide Price Performance

Shares of HLT stock traded up $3.29 during mid-day trading on Thursday, hitting $273.40. 450,310 shares of the stock traded hands, compared to its average volume of 1,785,607. The stock's fifty day moving average is $247.80 and its two-hundred day moving average is $243.91. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $275.22. The stock has a market cap of $64.99 billion, a P/E ratio of 43.09, a P/E/G ratio of 3.04 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the firm posted $1.53 EPS. Hilton Worldwide's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

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

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.