Mirae Asset Global Investments Co. Ltd. Buys 72,525 Shares of Hilton Worldwide Holdings Inc. $HLT

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 72,525 shares of the company’s stock, valued at approximately $23,072,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Hilton Worldwide during the 2nd quarter valued at about $6,271,258,000. Bank of America Corp DE lifted its holdings in Hilton Worldwide by 0.7% in the 1st quarter. Bank of America Corp DE now owns 5,946,576 shares of the company’s stock worth $1,808,235,000 after purchasing an additional 40,343 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Hilton Worldwide by 13.5% in the 1st quarter. Janus Henderson Group PLC now owns 2,043,316 shares of the company’s stock worth $603,733,000 after purchasing an additional 242,916 shares during the last quarter. Jupiter Topco LLC acquired a new stake in Hilton Worldwide in the 2nd quarter worth approximately $663,882,000. Finally, Amundi boosted its position in Hilton Worldwide by 2.7% during the second quarter. Amundi now owns 1,374,729 shares of the company’s stock worth $454,293,000 after purchasing an additional 36,303 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on HLT. Robert W. Baird increased their price target on Hilton Worldwide from $360.00 to $362.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. Morgan Stanley boosted their price objective on shares of Hilton Worldwide from $349.00 to $362.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. China Intl Cap raised shares of Hilton Worldwide to a “strong-buy” rating in a report on Wednesday, August 12th. Wells Fargo & Company upped their price objective on shares of Hilton Worldwide from $383.00 to $386.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Finally, CICC Research initiated coverage on shares of Hilton Worldwide in a research note on Wednesday, August 12th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $363.57.

Hilton Worldwide Stock Up 2.1%

Shares of NYSE:HLT opened at $364.57 on Tuesday. The business has a 50 day moving average price of $325.78 and a 200 day moving average price of $321.08. Hilton Worldwide Holdings Inc. has a twelve month low of $253.54 and a twelve month high of $368.49. The company has a market cap of $81.12 billion, a price-to-earnings ratio of 49.27, a PEG ratio of 2.74 and a beta of 1.10.

Hilton Worldwide (NYSE:HLT) last released its earnings results on Tuesday, October 27th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $3.37 billion. Hilton Worldwide had a negative return on equity of 33.78% and a net margin of 13.40%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.11 EPS. Analysts anticipate that Hilton Worldwide Holdings Inc. will post 9.17 EPS for the current year.

Hilton Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Stockholders of record on Tuesday, December 1st will be paid a $0.15 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.11%.

Insider Transactions at Hilton Worldwide

In related news, insider Laura Fuentes sold 7,289 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $309.81, for a total transaction of $2,258,205.09. Following the completion of the transaction, the insider directly owned 33,458 shares in the company, valued at $10,365,622.98. This represents a 17.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Chris Carr sold 439 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $310.34, for a total transaction of $136,239.26. Following the completion of the sale, the director directly owned 8,252 shares of the company’s stock, valued at approximately $2,560,925.68. This trade represents a 5.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 158,778 shares of company stock worth $56,196,944. Insiders own 2.70% of the company’s stock.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio includes brands such as Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites, Hampton by Hilton, Hilton Garden Inn, Homewood Suites, Home2 Suites and Tru by Hilton.

The company provides accommodations and related services for business and leisure travelers, including guest rooms, meeting and event facilities, food and beverage operations, resort amenities and loyalty program benefits through Hilton Honors.