Point72 Asset Management L.P. Purchases 45,000 Shares of Hilton Worldwide (HLT)

Point72 Asset Management L.P. raised its position in Hilton Worldwide (NYSE:HLT) by 7.8% during the first quarter, HoldingsChannel reports. The firm owned 620,500 shares of the company’s stock after buying an additional 45,000 shares during the period. Point72 Asset Management L.P.’s holdings in Hilton Worldwide were worth $48,871,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC lifted its holdings in Hilton Worldwide by 21.1% in the 1st quarter. Zeke Capital Advisors LLC now owns 4,628 shares of the company’s stock valued at $365,000 after purchasing an additional 806 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Hilton Worldwide by 10.8% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,454 shares of the company’s stock valued at $743,000 after acquiring an additional 919 shares during the last quarter. Norinchukin Bank The increased its stake in shares of Hilton Worldwide by 6.4% during the 4th quarter. Norinchukin Bank The now owns 16,168 shares of the company’s stock valued at $1,291,000 after acquiring an additional 966 shares during the last quarter. Profund Advisors LLC increased its stake in shares of Hilton Worldwide by 17.9% during the 4th quarter. Profund Advisors LLC now owns 6,850 shares of the company’s stock valued at $547,000 after acquiring an additional 1,039 shares during the last quarter. Finally, Atria Investments LLC increased its stake in shares of Hilton Worldwide by 42.6% during the 1st quarter. Atria Investments LLC now owns 5,216 shares of the company’s stock valued at $411,000 after acquiring an additional 1,558 shares during the last quarter. Institutional investors own 74.60% of the company’s stock.

HLT has been the subject of a number of research analyst reports. TheStreet raised shares of Hilton Worldwide from a “c” rating to a “b” rating in a research note on Wednesday, February 14th. SunTrust Banks upped their price objective on shares of Hilton Worldwide to $92.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Royal Bank of Canada reaffirmed a “buy” rating and set a $93.00 price objective on shares of Hilton Worldwide in a research note on Tuesday, February 27th. Zacks Investment Research raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Wednesday, March 7th. Finally, Deutsche Bank upped their price objective on shares of Hilton Worldwide from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, April 20th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $84.88.

Shares of Hilton Worldwide opened at $82.73 on Thursday, according to MarketBeat.com. Hilton Worldwide has a 12-month low of $60.54 and a 12-month high of $88.11. The firm has a market cap of $25.23 billion, a P/E ratio of 41.37, a PEG ratio of 3.13 and a beta of 1.32. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.75.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings results on Thursday, April 26th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.29 billion. Hilton Worldwide had a return on equity of 41.44% and a net margin of 14.87%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. analysts predict that Hilton Worldwide will post 2.69 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, May 11th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, May 10th. Hilton Worldwide’s dividend payout ratio (DPR) is 30.00%.

In other news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the firm’s stock in a transaction on Friday, April 13th. The stock was sold at an average price of $73.00, for a total transaction of $4,818,000,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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