Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 106.8% in the fourth quarter, HoldingsChannel reports. The firm owned 13,119 shares of the company’s stock after acquiring an additional 6,775 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Hilton Worldwide were worth $3,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of HLT. Norges Bank acquired a new stake in shares of Hilton Worldwide in the fourth quarter worth $694,787,000. Principal Financial Group Inc. raised its stake in shares of Hilton Worldwide by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 10,756,416 shares of the company’s stock valued at $2,479,354,000 after buying an additional 1,429,537 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Hilton Worldwide by 13.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,898,986 shares of the company’s stock valued at $1,952,314,000 after buying an additional 919,424 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Hilton Worldwide by 26.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,265,087 shares of the company’s stock worth $806,999,000 after acquiring an additional 685,023 shares during the period. Finally, Marshall Wace LLP raised its position in Hilton Worldwide by 426.9% during the fourth quarter. Marshall Wace LLP now owns 762,261 shares of the company’s stock valued at $188,400,000 after acquiring an additional 617,604 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insider Activity at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $268.83, for a total transaction of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares in the company, valued at $20,802,871.89. This represents a 34.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HLT shares. Barclays raised their price objective on shares of Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Jefferies Financial Group cut their price objective on shares of Hilton Worldwide from $277.00 to $228.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Susquehanna increased their target price on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Macquarie raised their target price on Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company upped their price target on Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $248.88.

Hilton Worldwide Stock Performance

HLT stock opened at $204.70 on Tuesday. The firm’s 50 day moving average price is $234.95 and its 200-day moving average price is $243.34. The firm has a market cap of $49.05 billion, a PE ratio of 33.28, a PEG ratio of 2.86 and a beta of 1.19. Hilton Worldwide Holdings Inc. has a one year low of $194.12 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.09. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. Equities research analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.29%. Hilton Worldwide’s dividend payout ratio is presently 9.76%.

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.