Rhumbline Advisers Boosts Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Rhumbline Advisers boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 1.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 464,810 shares of the company's stock after acquiring an additional 4,622 shares during the quarter. Rhumbline Advisers owned 0.20% of Hilton Worldwide worth $105,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in Hilton Worldwide by 194.8% during the 4th quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company's stock valued at $651,000 after acquiring an additional 1,740 shares during the period. Amundi grew its position in shares of Hilton Worldwide by 24.2% in the 4th quarter. Amundi now owns 953,938 shares of the company's stock worth $232,098,000 after buying an additional 185,765 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Hilton Worldwide by 2.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company's stock worth $55,774,000 after buying an additional 4,846 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Hilton Worldwide in the 4th quarter worth approximately $1,138,000. Finally, NewEdge Wealth LLC grew its position in shares of Hilton Worldwide by 16.8% in the 4th quarter. NewEdge Wealth LLC now owns 7,120 shares of the company's stock worth $1,760,000 after buying an additional 1,023 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HLT. Evercore ISI cut their price objective 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. Morgan Stanley cut their price objective on Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Susquehanna lifted their price objective on Hilton Worldwide from $247.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Mizuho restated a "neutral" rating and set a $263.00 price target (up from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Finally, Robert W. Baird lifted their price target on Hilton Worldwide from $242.00 to $246.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Hilton Worldwide presently has an average rating of "Hold" and an average target price of $245.56.

Hilton Worldwide Trading Down 0.4%

NYSE:HLT traded down $1.05 during trading hours on Thursday, reaching $248.38. 1,024,336 shares of the company traded hands, compared to its average volume of 1,748,559. The business's 50-day moving average price is $231.73 and its two-hundred day moving average price is $243.69. The stock has a market capitalization of $59.04 billion, a P/E ratio of 40.39, a P/E/G ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $275.22.

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

Hilton Worldwide Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders 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 is Friday, May 23rd. Hilton Worldwide's dividend payout ratio is currently 9.46%.

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.