Bank of New York Mellon Corp increased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 49.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,478,949 shares of the company’s stock after buying an additional 1,152,164 shares during the period. Bank of New York Mellon Corp owned about 1.07% of Hilton Worldwide Holdings worth $215,173,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of HLT. Creative Planning boosted its stake in shares of Hilton Worldwide Holdings by 51.7% in the second quarter. Creative Planning now owns 3,723 shares of the company’s stock worth $230,000 after buying an additional 1,269 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Hilton Worldwide Holdings during the second quarter worth approximately $414,000. State of Alaska Department of Revenue boosted its stake in shares of Hilton Worldwide Holdings by 68.8% in the second quarter. State of Alaska Department of Revenue now owns 6,747 shares of the company’s stock worth $417,000 after buying an additional 2,750 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Hilton Worldwide Holdings by 259.6% in the second quarter. LS Investment Advisors LLC now owns 7,565 shares of the company’s stock worth $468,000 after buying an additional 5,461 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new stake in shares of Hilton Worldwide Holdings during the second quarter worth approximately $469,000.

Shares of Hilton Worldwide Holdings Inc. (HLT) opened at 61.06 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $44.73 and a 52 week high of $67.79. The stock has a market capitalization of $19.80 billion, a price-to-earnings ratio of 508.83 and a beta of 1.29. The firm’s 50-day moving average is $62.09 and its 200-day moving average is $60.86.

Hilton Worldwide Holdings (NYSE:HLT) last posted its earnings results on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.31 billion. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The company’s revenue was up 20.3% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. Analysts forecast that Hilton Worldwide Holdings Inc. will post $1.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 18th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, August 16th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is 461.33%.

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A number of analysts have recently commented on the company. UBS AG boosted their price target on Hilton Worldwide Holdings from $64.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, June 13th. BidaskClub raised Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Guggenheim assumed coverage on Hilton Worldwide Holdings in a research report on Wednesday, April 26th. They issued a “neutral” rating on the stock. Barclays PLC boosted their price target on Hilton Worldwide Holdings from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 27th. Finally, Telsey Advisory Group boosted their price target on Hilton Worldwide Holdings from $57.00 to $61.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Hilton Worldwide Holdings presently has an average rating of “Buy” and an average target price of $72.06.

About Hilton Worldwide Holdings

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

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

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