Resona Asset Management Co. Ltd. Purchases New Stake in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Resona Asset Management Co. Ltd. acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 73,755 shares of the company’s stock, valued at approximately $18,260,000.

Several other large investors also recently modified their holdings of the stock. Noble Wealth Management PBC bought a new position in Hilton Worldwide in the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC bought a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Hilton Worldwide during the 4th quarter worth approximately $34,000. Sierra Ocean LLC bought a new stake in Hilton Worldwide in the 4th quarter valued at $36,000. Finally, Hopwood Financial Services Inc. bought a new position in Hilton Worldwide during the 4th quarter worth $41,000. 95.90% of the stock is owned by institutional investors.

Insider Buying and Selling at Hilton Worldwide

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now owns 77,383 shares in the company, valued at approximately $20,802,871.89. The trade was a 34.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

HLT has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Wells Fargo & Company increased their target price on shares of Hilton Worldwide from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Raymond James boosted their price target on Hilton Worldwide from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Barclays raised their price objective on Hilton Worldwide from $270.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Macquarie upped 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. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and an average target price of $254.56.

Hilton Worldwide Stock Performance

NYSE HLT opened at $208.72 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $193.86 and a fifty-two week high of $275.22. The stock has a market cap of $50.01 billion, a PE ratio of 33.94, a PEG ratio of 2.86 and a beta of 1.19. The firm’s fifty day moving average price is $248.39 and its two-hundred day moving average price is $245.12.

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

Hilton Worldwide Dividend Announcement

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

Hilton Worldwide 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.