Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Rafferty Asset Management LLC

Rafferty Asset Management LLC grew its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 10.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,932 shares of the company's stock after purchasing an additional 2,302 shares during the period. Rafferty Asset Management LLC's holdings in Hilton Worldwide were worth $5,915,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raiffeisen Bank International AG purchased a new position in Hilton Worldwide in the 4th quarter valued at approximately $638,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Hilton Worldwide during the 4th quarter valued at about $1,083,000. ProShare Advisors LLC increased its position in Hilton Worldwide by 16.5% during the fourth quarter. ProShare Advisors LLC now owns 36,225 shares of the company's stock worth $8,953,000 after purchasing an additional 5,127 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Hilton Worldwide by 6.6% during the 4th quarter. Quantinno Capital Management LP now owns 37,239 shares of the company's stock worth $9,204,000 after buying an additional 2,316 shares during the last quarter. Finally, Morgens Waterfall Vintiadis & Co. Inc. increased its stake in Hilton Worldwide by 16.2% during the fourth quarter. Morgens Waterfall Vintiadis & Co. Inc. now owns 21,500 shares of the company's stock worth $5,314,000 after acquiring an additional 3,000 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HLT has been the subject of several recent research reports. Evercore ISI dropped 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 report on Wednesday, April 23rd. Robert W. Baird increased their target price on Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Dbs Bank upgraded Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 14th. The Goldman Sachs Group restated a "neutral" rating and issued a $235.00 price target (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Finally, Susquehanna increased their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Hilton Worldwide has an average rating of "Hold" and an average price target of $245.56.

Hilton Worldwide Price Performance

Shares of NYSE:HLT traded down $6.45 during midday trading on Wednesday, reaching $246.96. The company had a trading volume of 2,064,974 shares, compared to its average volume of 1,764,889. The stock has a market capitalization of $58.70 billion, a P/E ratio of 40.16, a PEG ratio of 2.86 and a beta of 1.23. The stock's fifty day moving average price is $227.52 and its 200-day moving average price is $243.50. Hilton Worldwide Holdings Inc. has a one year low of $194.93 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the business posted $1.53 EPS. The company's revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, May 26th will be issued 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 (DPR) is 9.46%.

About Hilton Worldwide

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.