OVERSEA CHINESE BANKING Corp Ltd Buys 31,886 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT - Free Report) by 816.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,790 shares of the company's stock after purchasing an additional 31,886 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Hilton Worldwide were worth $6,514,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new position in Hilton Worldwide during the fourth quarter valued at about $337,490,000. T. Rowe Price Investment Management Inc. increased its stake in Hilton Worldwide by 36.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,237,885 shares of the company's stock valued at $1,167,300,000 after acquiring an additional 2,480,451 shares during the period. Deutsche Bank AG increased its stake in Hilton Worldwide by 181.1% during the third quarter. Deutsche Bank AG now owns 2,607,803 shares of the company's stock valued at $391,640,000 after acquiring an additional 1,680,156 shares during the period. Royal Bank of Canada increased its stake in Hilton Worldwide by 54.7% during the first quarter. Royal Bank of Canada now owns 1,840,444 shares of the company's stock valued at $279,270,000 after acquiring an additional 650,540 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Hilton Worldwide by 16.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,200,822 shares of the company's stock valued at $637,433,000 after acquiring an additional 583,516 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Insider Activity at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $195.68, for a total value of $4,204,967.52. Following the sale, the insider now owns 2,536,478 shares of the company's stock, valued at $496,338,015.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by company insiders.

Hilton Worldwide Price Performance

Shares of HLT traded down $4.35 during midday trading on Friday, hitting $194.47. The stock had a trading volume of 2,592,106 shares, compared to its average volume of 1,196,979. The company has a 50 day simple moving average of $205.13 and a two-hundred day simple moving average of $183.30. Hilton Worldwide Holdings Inc. has a twelve month low of $134.43 and a twelve month high of $215.79. The firm has a market cap of $48.88 billion, a price-to-earnings ratio of 44.91, a price-to-earnings-growth ratio of 1.76 and a beta of 1.25.

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

Hilton Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, February 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, February 22nd. Hilton Worldwide's dividend payout ratio is currently 13.86%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird boosted their price target on Hilton Worldwide from $210.00 to $212.00 and gave the company an "outperform" rating in a research note on Thursday, March 21st. Mizuho initiated coverage on Hilton Worldwide in a research note on Tuesday, March 26th. They issued a "buy" rating and a $245.00 price objective on the stock. HSBC upped their price objective on Hilton Worldwide from $219.00 to $254.00 and gave the company a "buy" rating in a research note on Wednesday, April 3rd. Bank of America upped their price objective on Hilton Worldwide from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Friday, March 15th. Finally, Barclays upped their price objective on Hilton Worldwide from $204.00 to $216.00 and gave the company an "overweight" rating in a research note on Friday. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $201.94.

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.