QRG Capital Management Inc. Grows Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

QRG Capital Management Inc. raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,027 shares of the company’s stock after purchasing an additional 1,880 shares during the period. QRG Capital Management Inc.’s holdings in Hilton Worldwide were worth $12,453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrature Capital Ltd bought a new stake in Hilton Worldwide during the 1st quarter valued at $2,792,000. AIA Group Ltd raised its stake in shares of Hilton Worldwide by 43.4% during the 1st quarter. AIA Group Ltd now owns 14,103 shares of the company’s stock valued at $3,008,000 after purchasing an additional 4,265 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Hilton Worldwide by 3.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,675 shares of the company’s stock worth $29,375,000 after purchasing an additional 4,677 shares in the last quarter. PGGM Investments grew its holdings in Hilton Worldwide by 337.6% during the 2nd quarter. PGGM Investments now owns 14,378 shares of the company’s stock valued at $3,137,000 after buying an additional 11,092 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Hilton Worldwide by 25.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,969 shares of the company’s stock valued at $13,219,000 after buying an additional 12,740 shares during the period. Institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

HLT has been the topic of several recent analyst reports. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. TD Cowen dropped their price objective on Hilton Worldwide from $265.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Evercore ISI upped their target price on Hilton Worldwide from $210.00 to $240.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Macquarie boosted their price objective on Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Hilton Worldwide in a research note on Wednesday, September 18th. They issued a “buy” rating and a $245.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide presently has an average rating of “Hold” and an average target price of $228.71.

Hilton Worldwide Trading Down 1.3 %

NYSE HLT opened at $233.40 on Tuesday. The firm has a market cap of $56.90 billion, a PE ratio of 50.09, a price-to-earnings-growth ratio of 2.97 and a beta of 1.30. Hilton Worldwide Holdings Inc. has a 1-year low of $154.82 and a 1-year high of $241.24. The stock has a 50-day moving average of $228.03 and a 200-day moving average of $215.71.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 60.85% and a net margin of 10.70%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7 earnings per share for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, November 15th. Hilton Worldwide’s payout ratio is 12.88%.

Insider Transactions at Hilton Worldwide

In related news, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the transaction, the insider now owns 22,833 shares in the company, valued at $5,382,423.09. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Laura Fuentes sold 4,919 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $217.00, for a total value of $1,067,423.00. Following the completion of the sale, the insider now owns 15,949 shares of the company’s stock, valued at $3,460,933. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael W. Duffy sold 14,357 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the transaction, the insider now directly owns 22,833 shares in the company, valued at approximately $5,382,423.09. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

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.