Resona Asset Management Co. Ltd. Grows Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Key Points

• Resona Asset Management Co. Ltd. increased its holdings in Hilton Worldwide by 7.1% in the first quarter, owning 78,970 shares worth approximately $17.9 million.
• Several institutional investors made significant changes to their positions in Hilton, with GAMMA Investing LLC boosting its stake by an astonishing 23,543.6%. This has contributed to institutional ownership reaching 95.90% of the company's stock.
• Hilton Worldwide reported a Q2 EPS of $2.20, exceeding expectations, alongside a revenue increase to $3.14 billion, which is a 6.3% rise compared to the previous year.

Resona Asset Management Co. Ltd. raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 7.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,970 shares of the company's stock after purchasing an additional 5,215 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Hilton Worldwide were worth $17,947,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLT. ORG Partners LLC grew its position in shares of Hilton Worldwide by 78.7% in the 1st quarter. ORG Partners LLC now owns 168 shares of the company's stock worth $38,000 after buying an additional 74 shares during the period. Beacon Capital Management LLC grew its position in shares of Hilton Worldwide by 76.0% in the 1st quarter. Beacon Capital Management LLC now owns 176 shares of the company's stock worth $40,000 after buying an additional 76 shares during the period. Valley National Advisers Inc. grew its position in shares of Hilton Worldwide by 244.8% in the 1st quarter. Valley National Advisers Inc. now owns 200 shares of the company's stock worth $45,000 after buying an additional 142 shares during the period. Optiver Holding B.V. grew its position in shares of Hilton Worldwide by 127.1% in the 4th quarter. Optiver Holding B.V. now owns 218 shares of the company's stock worth $54,000 after buying an additional 122 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in shares of Hilton Worldwide in the 1st quarter worth about $54,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Hilton Worldwide Stock Down 0.9%

Shares of NYSE HLT traded down $2.54 during trading on Friday, reaching $267.80. 1,699,130 shares of the company traded hands, compared to its average volume of 1,869,087. The firm has a 50 day simple moving average of $264.39 and a 200-day simple moving average of $248.90. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $279.46. The stock has a market capitalization of $62.98 billion, a PE ratio of 41.14, a P/E/G ratio of 2.66 and a beta of 1.26.

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

Hilton Worldwide Dividend Announcement

The firm also recently disclosed 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. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 29th. Hilton Worldwide's dividend payout ratio is 9.22%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group upgraded 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. Truist Financial upped their price target on shares of Hilton Worldwide from $223.00 to $246.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a research note on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price target on the stock. Finally, Evercore ISI dropped their price target on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Nine 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $264.40.

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.