Investment Management Corp of Ontario Purchases 2,708 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Investment Management Corp of Ontario grew its position in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 32.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,952 shares of the company's stock after purchasing an additional 2,708 shares during the period. Investment Management Corp of Ontario's holdings in Hilton Worldwide were worth $2,707,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Fiduciary Trust Co lifted its stake in Hilton Worldwide by 0.5% in the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company's stock valued at $1,810,000 after buying an additional 38 shares in the last quarter. Palumbo Wealth Management LLC boosted its holdings in shares of Hilton Worldwide by 2.0% in the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company's stock valued at $528,000 after buying an additional 41 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in Hilton Worldwide by 1.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company's stock worth $799,000 after acquiring an additional 43 shares in the last quarter. Arkadios Wealth Advisors raised its position in Hilton Worldwide by 2.8% during the fourth quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company's stock worth $444,000 after acquiring an additional 49 shares in the last quarter. Finally, Angeles Wealth Management LLC raised its position in Hilton Worldwide by 3.7% during the fourth quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company's stock worth $351,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

Hilton Worldwide Stock Performance

Shares of HLT stock traded down $0.45 during trading hours on Thursday, hitting $252.55. 1,550,250 shares of the company were exchanged, compared to its average volume of 1,761,375. The company has a 50 day simple moving average of $225.59 and a two-hundred day simple moving average of $242.98. Hilton Worldwide Holdings Inc. has a fifty-two week low of $194.93 and a fifty-two week high of $275.22. The firm has a market cap of $60.03 billion, a P/E ratio of 41.07, a P/E/G ratio of 2.86 and a beta of 1.23.

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

Analyst Ratings Changes

Several research firms have commented on HLT. Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $232.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Robert W. Baird upped their price objective on shares of Hilton Worldwide from $242.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Dbs Bank raised shares of Hilton Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Evercore ISI dropped their target price on shares of Hilton Worldwide from $275.00 to $245.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. Finally, Barclays decreased their price objective on Hilton Worldwide from $233.00 to $232.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Eleven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $245.56.

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.