PKO Investment Management Joint Stock Co Buys New Shares in Hilton Worldwide Holdings Inc. (NYSE:HLT)

PKO Investment Management Joint Stock Co acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,000 shares of the company's stock, valued at approximately $3,707,000.

A number of other hedge funds also recently modified their holdings of HLT. Norges Bank purchased a new stake in shares of 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 fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Hilton Worldwide by 26.6% in the fourth 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 in the last quarter. Marshall Wace LLP lifted its holdings in shares of Hilton Worldwide by 426.9% in the fourth quarter. Marshall Wace LLP now owns 762,261 shares of the company's stock valued at $188,400,000 after purchasing an additional 617,604 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Hilton Worldwide by 2,746.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 502,077 shares of the company's stock valued at $133,487,000 after purchasing an additional 484,436 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Stock Performance

Shares of NYSE:HLT traded down $0.11 during midday trading on Friday, hitting $248.15. The company's stock had a trading volume of 2,149,709 shares, compared to its average volume of 1,753,937. The stock has a market capitalization of $58.99 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 2.86 and a beta of 1.23. The stock's 50 day simple moving average is $230.16 and its 200 day simple moving average is $243.60. Hilton Worldwide Holdings Inc. has a fifty-two week low of $195.97 and a fifty-two week high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.11. The company had revenue of $2.70 billion for 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 firm's revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.53 earnings per share. As a group, 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 paid a $0.15 dividend. This represents a dividend yield of 0.23%. The ex-dividend date of this dividend is Friday, May 23rd. Hilton Worldwide's payout ratio is presently 9.46%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HLT. Barclays reduced their target price on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company upped their price target on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and upped their price target for the stock from $228.00 to $296.00 in a research note on Monday, May 12th. Finally, Robert W. Baird upped their price target on shares of Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. 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 stock. According to data from MarketBeat, Hilton Worldwide currently has an average 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.