IBM Retirement Fund acquired a new stake in shares of Hilton Worldwide Holdings Inc (NYSE:HLT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,504 shares of the company’s stock, valued at approximately $483,000.

Several other large investors have also bought and sold shares of the company. Candriam Luxembourg S.C.A. boosted its position in shares of Hilton Worldwide by 6.1% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 14,598 shares of the company’s stock valued at $1,014,000 after purchasing an additional 843 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Hilton Worldwide by 0.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 202,343 shares of the company’s stock valued at $14,053,000 after purchasing an additional 877 shares in the last quarter. Norinchukin Bank The boosted its position in shares of Hilton Worldwide by 6.9% during the 3rd quarter. Norinchukin Bank The now owns 15,202 shares of the company’s stock valued at $1,056,000 after purchasing an additional 983 shares in the last quarter. Fiduciary Trust Co. boosted its position in shares of Hilton Worldwide by 25.7% during the 3rd quarter. Fiduciary Trust Co. now owns 5,027 shares of the company’s stock valued at $349,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Hilton Worldwide by 18.2% during the 3rd quarter. Pacer Advisors Inc. now owns 6,736 shares of the company’s stock valued at $468,000 after purchasing an additional 1,039 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Several research firms have recently weighed in on HLT. Royal Bank of Canada raised their price objective on shares of Hilton Worldwide to $96.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Morgan Stanley cut shares of Hilton Worldwide from an “overweight” rating to an “equal weight” rating and set a $84.00 target price for the company. in a report on Wednesday, January 17th. Raymond James Financial upgraded shares of Hilton Worldwide from an “outperform” rating to a “strong-buy” rating and decreased their target price for the stock from $78.00 to $69.00 in a report on Monday, January 8th. Argus raised their target price on shares of Hilton Worldwide from $2.40 to $94.00 and gave the stock a “positive” rating in a report on Wednesday, January 3rd. Finally, Goldman Sachs Group cut shares of Hilton Worldwide from a “conviction-buy” rating to a “buy” rating and set a $80.00 target price for the company. in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $76.18.

Hilton Worldwide Holdings Inc (NYSE:HLT) opened at $80.43 on Monday. The firm has a market cap of $25,733.69, a P/E ratio of 37.24, a P/E/G ratio of 6.01 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53. Hilton Worldwide Holdings Inc has a 52-week low of $55.79 and a 52-week high of $88.11.

Hilton Worldwide declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 16th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

WARNING: “5,504 Shares in Hilton Worldwide Holdings Inc (HLT) Purchased by IBM Retirement Fund” was first reported by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/5504-shares-in-hilton-worldwide-holdings-inc-hlt-purchased-by-ibm-retirement-fund/1861128.html.

About Hilton Worldwide

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.

Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc (NYSE:HLT).

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

Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.