Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by AIA Group Ltd

AIA Group Ltd increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 43.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,103 shares of the company’s stock after buying an additional 4,265 shares during the quarter. AIA Group Ltd’s holdings in Hilton Worldwide were worth $3,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in Hilton Worldwide by 22.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 11,877 shares of the company’s stock worth $2,534,000 after acquiring an additional 2,208 shares during the period. Duality Advisers LP purchased a new stake in Hilton Worldwide during the 1st quarter worth $331,000. Manchester Capital Management LLC increased its stake in Hilton Worldwide by 247.8% during the 1st quarter. Manchester Capital Management LLC now owns 160 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the period. TFG Advisers LLC increased its stake in Hilton Worldwide by 3.1% during the 1st quarter. TFG Advisers LLC now owns 2,312 shares of the company’s stock worth $493,000 after buying an additional 70 shares during the period. Finally, 9258 Wealth Management LLC purchased a new stake in Hilton Worldwide during the 1st quarter worth $218,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Hilton Worldwide Stock Up 1.8 %

Shares of HLT stock traded up $3.86 during trading hours on Friday, reaching $220.72. 1,777,520 shares of the stock traded hands, compared to its average volume of 1,562,105. Hilton Worldwide Holdings Inc. has a 1-year low of $146.00 and a 1-year high of $222.42. The business has a fifty day moving average price of $208.49 and a 200 day moving average price of $201.53. The firm has a market capitalization of $55.19 billion, a PE ratio of 47.98, a PEG ratio of 1.93 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.51 billion. Hilton Worldwide had a net margin of 11.41% and a negative return on equity of 81.29%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS. Research analysts expect that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Thursday, May 16th. Hilton Worldwide’s dividend payout ratio is 13.04%.

Insiders Place Their Bets

In other Hilton Worldwide news, Director Melanie Healey bought 2,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average cost of $199.65 per share, with a total value of $399,300.00. Following the completion of the transaction, the director now directly owns 14,938 shares of the company’s stock, valued at approximately $2,982,371.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HLT shares. Bank of America boosted their target price on shares of Hilton Worldwide from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Macquarie reaffirmed a “neutral” rating and set a $192.00 price objective on shares of Hilton Worldwide in a research report on Wednesday, April 24th. Susquehanna started coverage on shares of Hilton Worldwide in a research report on Friday, June 21st. They set a “neutral” rating and a $215.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Hilton Worldwide from $196.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 20th. Finally, Robert W. Baird boosted their target price on shares of Hilton Worldwide from $212.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $208.00.

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.