J. Safra Sarasin Holding AG Invests $11.19 Million in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• J. Safra Sarasin Holding AG has acquired a new stake of 49,183 shares in Hilton Worldwide Holdings Inc., valued at approximately $11.19 million.
• Several other institutional investors, including Capital International and Massachusetts Financial, have increased their holdings, with institutional investors owning 95.90% of Hilton’s stock.
• Analyst ratings for Hilton Worldwide vary, with a consensus target price of $259.19, indicating a general expectation of moderate growth for the stock.

J. Safra Sarasin Holding AG purchased a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 49,183 shares of the company's stock, valued at approximately $11,192,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLT. CIBC Private Wealth Group LLC raised its position in Hilton Worldwide by 14.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 5,119 shares of the company's stock valued at $1,245,000 after buying an additional 640 shares during the last quarter. Summit Financial LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at approximately $229,000. Trexquant Investment LP acquired a new stake in Hilton Worldwide in the 4th quarter valued at approximately $6,617,000. Cinctive Capital Management LP acquired a new stake in Hilton Worldwide in the 4th quarter valued at approximately $1,645,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in Hilton Worldwide in the 4th quarter valued at approximately $18,260,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HLT. JPMorgan Chase & Co. began coverage on Hilton Worldwide in a research report on Monday, June 23rd. They set an "overweight" rating and a $282.00 price target on the stock. Jefferies Financial Group raised Hilton Worldwide from a "hold" rating to a "buy" rating and boosted their price target for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Evercore ISI lowered their price target on Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd. Truist Financial boosted their price target on Hilton Worldwide from $223.00 to $246.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Finally, Robert W. Baird boosted their price target on Hilton Worldwide from $276.00 to $278.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Ten research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Hilton Worldwide currently has an average rating of "Moderate Buy" and a consensus price target of $259.19.

Hilton Worldwide Price Performance

HLT traded up $1.51 during trading on Monday, hitting $262.35. The stock had a trading volume of 1,129,183 shares, compared to its average volume of 1,929,474. The company has a 50 day moving average price of $261.36 and a 200-day moving average price of $247.78. The firm has a market cap of $61.70 billion, a price-to-earnings ratio of 40.30, a P/E/G ratio of 2.57 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a one year low of $196.04 and a one year 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 for the quarter, beating analysts' consensus estimates of $2.04 by $0.16. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The company's revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.91 EPS. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis 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 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.