MetLife Investment Advisors LLC lowered its position in Hilton Worldwide (NYSE:HLT) by 2.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 60,854 shares of the company’s stock after selling 1,713 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Hilton Worldwide were worth $4,793,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in HLT. Aperio Group LLC increased its holdings in Hilton Worldwide by 7.9% in the 4th quarter. Aperio Group LLC now owns 38,416 shares of the company’s stock worth $3,068,000 after acquiring an additional 2,819 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Hilton Worldwide in the 4th quarter worth about $4,257,000. Candriam Luxembourg S.C.A. boosted its stake in Hilton Worldwide by 32.0% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 19,267 shares of the company’s stock worth $1,539,000 after purchasing an additional 4,669 shares during the period. First Trust Advisors LP boosted its stake in Hilton Worldwide by 25.3% in the 4th quarter. First Trust Advisors LP now owns 317,512 shares of the company’s stock worth $25,357,000 after purchasing an additional 64,189 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Hilton Worldwide by 16.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 252,953 shares of the company’s stock worth $20,200,000 after purchasing an additional 35,614 shares during the period. 74.60% of the stock is owned by institutional investors.
NYSE:HLT traded down $0.13 during mid-day trading on Monday, reaching $83.71. The stock had a trading volume of 6,213 shares, compared to its average volume of 2,256,607. The company has a market capitalization of $25.19 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 3.12 and a beta of 1.32. Hilton Worldwide has a one year low of $60.54 and a one year high of $88.11. The company has a debt-to-equity ratio of 3.75, a current ratio of 0.81 and a quick ratio of 0.81.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, May 11th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.72%. Hilton Worldwide’s payout ratio is 30.00%.
Several research analysts have commented on the company. Goldman Sachs Group downgraded Hilton Worldwide to a “buy” rating in a research note on Sunday, June 10th. B. Riley raised their target price on Hilton Worldwide from $84.00 to $87.00 and gave the stock a “hold” rating in a research note on Friday, April 27th. Jefferies Financial Group assumed coverage on Hilton Worldwide in a research note on Thursday, May 31st. They issued a “hold” rating and a $91.00 target price for the company. Deutsche Bank restated a “buy” rating and issued a $95.00 target price on shares of Hilton Worldwide in a research note on Tuesday, May 22nd. Finally, Morgan Stanley raised their target price on Hilton Worldwide from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Tuesday, May 1st. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $84.88.
In related news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the business’s stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $73.00, for a total value of $4,818,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.
Hilton Worldwide Profile
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises 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 to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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