Nuveen LLC Takes $353.99 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Nuveen LLC has significantly invested in Hilton Worldwide, purchasing approximately $353.99 million worth of shares, which makes up 0.65% of the company's stock.
• Institutional investors hold a substantial 95.90% of Hilton Worldwide's stock, indicating strong market confidence from significant financial players.
• Hilton Worldwide's recent earnings report showed an EPS of $2.20, exceeding expectations, alongside a 6.3% increase in revenue compared to the previous year.

Nuveen LLC purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,555,638 shares of the company's stock, valued at approximately $353,985,000. Nuveen LLC owned approximately 0.65% of Hilton Worldwide as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sowell Financial Services LLC acquired a new position in shares of Hilton Worldwide during the first quarter worth $314,000. Artemis Investment Management LLP raised its holdings in Hilton Worldwide by 3.9% in the first quarter. Artemis Investment Management LLP now owns 163,281 shares of the company's stock valued at $37,155,000 after acquiring an additional 6,146 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Hilton Worldwide by 8.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company's stock valued at $1,100,530,000 after acquiring an additional 364,307 shares in the last quarter. Malaga Cove Capital LLC bought a new stake in Hilton Worldwide during the first quarter valued at $316,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Hilton Worldwide during the first quarter valued at $217,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Trading Up 1.6%

HLT stock traded up $4.29 during midday trading on Wednesday, hitting $273.06. The stock had a trading volume of 1,762,855 shares, compared to its average volume of 1,877,367. The firm has a market capitalization of $64.22 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 2.65 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $279.46. The stock has a 50-day simple moving average of $263.19 and a 200 day simple moving average of $248.49.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.04 by $0.16. The firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.09 billion. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. Hilton Worldwide's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $1.91 earnings per share. On average, equities analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $0.15 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide's dividend payout ratio (DPR) is 9.22%.

Wall Street Analysts Forecast Growth

HLT has been the subject of a number of recent analyst reports. Macquarie increased their target price on shares of Hilton Worldwide from $240.00 to $258.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Robert W. Baird upped their price target on shares of Hilton Worldwide from $276.00 to $278.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Evercore ISI reduced their price objective 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. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price target for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Hilton Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $264.40.

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.