Korea Investment CORP Has $31.34 Million Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Korea Investment CORP raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 31.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 126,813 shares of the company’s stock after buying an additional 30,232 shares during the quarter. Korea Investment CORP’s holdings in Hilton Worldwide were worth $31,343,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in Hilton Worldwide by 15.3% in the third quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock worth $2,479,354,000 after purchasing an additional 1,429,537 shares during the period. Cerity Partners LLC boosted its stake in shares of Hilton Worldwide by 38.8% in the 3rd quarter. Cerity Partners LLC now owns 13,505 shares of the company’s stock valued at $3,113,000 after purchasing an additional 3,773 shares during the last quarter. Townsquare Capital LLC grew its position in shares of Hilton Worldwide by 60.7% during the 3rd quarter. Townsquare Capital LLC now owns 6,289 shares of the company’s stock worth $1,450,000 after buying an additional 2,376 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Hilton Worldwide by 1.7% during the third quarter. Glenmede Trust Co. NA now owns 30,386 shares of the company’s stock worth $7,004,000 after buying an additional 518 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in Hilton Worldwide in the third quarter valued at approximately $296,000. 95.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on HLT shares. Macquarie upped their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Wells Fargo & Company upped their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Barclays boosted their target price on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on shares of Hilton Worldwide from $219.00 to $226.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Raymond James boosted their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $254.53.

Hilton Worldwide Price Performance

HLT opened at $225.49 on Friday. The company has a market capitalization of $54.25 billion, a price-to-earnings ratio of 36.67, a P/E/G ratio of 2.86 and a beta of 1.29. The business’s 50-day moving average price is $250.94 and its two-hundred day moving average price is $244.68. Hilton Worldwide Holdings Inc. has a 1 year low of $193.86 and a 1 year high of $275.22.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Thursday, February 6th. The company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. Sell-side analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.89 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, March 28th. Investors of record on Friday, February 21st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Friday, February 21st. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.76%.

Insider Buying and Selling at Hilton Worldwide

In related news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the completion of the transaction, the insider now directly owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

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.