Hilton Worldwide Holdings Inc. $HLT Stock Holdings Boosted by Rakuten Investment Management Inc.

by · The Cerbat Gem

Rakuten Investment Management Inc. raised its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 8.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,565 shares of the company’s stock after acquiring an additional 3,264 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Hilton Worldwide were worth $13,120,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HLT. Profund Advisors LLC raised its stake in shares of Hilton Worldwide by 1.2% in the third quarter. Profund Advisors LLC now owns 3,058 shares of the company’s stock valued at $973,000 after acquiring an additional 35 shares during the last quarter. Range Advisory LLC grew its position in Hilton Worldwide by 4.5% during the 2nd quarter. Range Advisory LLC now owns 860 shares of the company’s stock worth $284,000 after acquiring an additional 37 shares during the last quarter. Nilsine Partners LLC increased its holdings in Hilton Worldwide by 2.2% during the 2nd quarter. Nilsine Partners LLC now owns 1,776 shares of the company’s stock valued at $587,000 after purchasing an additional 38 shares in the last quarter. North Star Investment Management Corp. increased its holdings in Hilton Worldwide by 29.7% during the 3rd quarter. North Star Investment Management Corp. now owns 166 shares of the company’s stock valued at $53,000 after purchasing an additional 38 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co increased its holdings in Hilton Worldwide by 1.1% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 3,560 shares of the company’s stock valued at $1,176,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Price Performance

HLT stock opened at $376.50 on Thursday. The stock has a market capitalization of $83.77 billion, a price-to-earnings ratio of 50.88, a PEG ratio of 2.85 and a beta of 1.08. The business’s fifty day moving average price is $327.39 and its two-hundred day moving average price is $321.77. Hilton Worldwide Holdings Inc. has a fifty-two week low of $257.04 and a fifty-two week high of $377.76.

Hilton Worldwide (NYSE:HLT – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $3.37 billion. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. Hilton Worldwide’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 earnings per share. Research analysts expect that Hilton Worldwide Holdings Inc. will post 9.17 EPS for the current year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 8.11%.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Kevin J. Jacobs sold 151,050 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $356.19, for a total transaction of $53,802,499.50. Following the transaction, the insider directly owned 293,758 shares in the company, valued at approximately $104,633,662.02. This represents a 33.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura Fuentes sold 7,289 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $309.81, for a total transaction of $2,258,205.09. Following the sale, the insider directly owned 33,458 shares of the company’s stock, valued at approximately $10,365,622.98. The trade was a 17.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 158,778 shares of company stock valued at $56,196,944 in the last 90 days. 2.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on HLT. TD Cowen upgraded shares of Hilton Worldwide to a “strong-buy” rating in a research report on Tuesday, September 8th. Freedom Broker started coverage on shares of Hilton Worldwide in a research note on Wednesday, October 14th. They set a “buy” rating and a $359.00 price objective on the stock. China Intl Cap upgraded shares of Hilton Worldwide to a “strong-buy” rating in a report on Wednesday, August 12th. UBS Group reaffirmed a “buy” rating and issued a $363.00 target price on shares of Hilton Worldwide in a research note on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 target price on the stock in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $365.08.

Get Our Latest Analysis on Hilton Worldwide

Hilton Worldwide Profile

(Free Report)

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.

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