Zurcher Kantonalbank Zurich Cantonalbank Has $21.04 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 30.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,521 shares of the company's stock after acquiring an additional 27,233 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Hilton Worldwide were worth $21,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management purchased a new stake in Hilton Worldwide during the 4th quarter worth $26,000. OFI Invest Asset Management purchased a new stake in Hilton Worldwide during the 3rd quarter worth $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in Hilton Worldwide during the 4th quarter worth $37,000. Exchange Traded Concepts LLC acquired a new position in Hilton Worldwide during the 3rd quarter worth $31,000. Finally, VitalStone Financial LLC grew its holdings in Hilton Worldwide by 115.4% during the 1st quarter. VitalStone Financial LLC now owns 224 shares of the company's stock worth $35,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Hilton Worldwide Trading Down 0.8 %

Hilton Worldwide stock traded down $1.66 during midday trading on Thursday, reaching $198.82. 1,264,328 shares of the stock traded hands, compared to its average volume of 1,444,457. The firm has a fifty day moving average price of $205.00 and a two-hundred day moving average price of $182.62. The firm has a market cap of $49.97 billion, a price-to-earnings ratio of 46.30, a PEG ratio of 1.79 and a beta of 1.25. Hilton Worldwide Holdings Inc. has a fifty-two week low of $134.43 and a fifty-two week high of $215.79.

Hilton Worldwide (NYSE:HLT - Get Free Report) last posted its earnings results on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.11. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. Hilton Worldwide's revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.59 EPS. Analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.06 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. Hilton Worldwide's dividend payout ratio (DPR) is 13.86%.

Insiders Place Their Bets

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the business's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, the insider now directly owns 2,536,478 shares in the company, valued at approximately $496,338,015.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by insiders.

Analysts Set New Price Targets

HLT has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of Hilton Worldwide from $203.00 to $215.00 and gave the stock a "market perform" rating in a report on Wednesday, March 20th. Jefferies Financial Group raised their price objective on shares of Hilton Worldwide from $157.00 to $182.00 and gave the stock a "hold" rating in a report on Tuesday, January 2nd. Bank of America raised their price objective on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, March 15th. Evercore ISI raised their price objective on shares of Hilton Worldwide from $200.00 to $210.00 and gave the stock an "in-line" rating in a report on Wednesday, March 20th. Finally, Robert W. Baird lifted their price target on shares of Hilton Worldwide from $210.00 to $212.00 and gave the company an "outperform" rating in a report on Thursday, March 21st. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $201.28.

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.