Rhumbline Advisers raised its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 73.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 371,389 shares of the company’s stock after buying an additional 157,825 shares during the period. Rhumbline Advisers’ holdings in Hilton Worldwide Holdings were worth $22,970,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Arizona State Retirement System purchased a new position in Hilton Worldwide Holdings during the second quarter valued at $3,142,000. Schwab Charles Investment Management Inc. raised its position in Hilton Worldwide Holdings by 131.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 743,199 shares of the company’s stock valued at $45,967,000 after buying an additional 421,910 shares during the last quarter. New Mexico Educational Retirement Board purchased a new position in Hilton Worldwide Holdings during the second quarter valued at $1,188,000. Cigna Investments Inc. New purchased a new position in Hilton Worldwide Holdings during the second quarter valued at $469,000. Finally, Global X Management Co. LLC raised its position in Hilton Worldwide Holdings by 1,099.0% in the second quarter. Global X Management Co. LLC now owns 18,273 shares of the company’s stock valued at $1,130,000 after buying an additional 16,749 shares during the last quarter.

Hilton Worldwide Holdings Inc. (HLT) opened at 62.21 on Wednesday. Hilton Worldwide Holdings Inc. has a one year low of $45.32 and a one year high of $67.79. The company has a 50 day moving average price of $62.23 and a 200-day moving average price of $60.82. The company has a market capitalization of $20.17 billion, a PE ratio of 518.42 and a beta of 1.29.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.60 annualized dividend and a yield of 0.96%. Hilton Worldwide Holdings’s payout ratio is 461.33%.

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A number of research analysts have weighed in on HLT shares. Bank of America Corporation reaffirmed a “buy” rating and issued a $73.00 price target (up previously from $67.00) on shares of Hilton Worldwide Holdings in a research note on Monday, June 5th. Argus started coverage on shares of Hilton Worldwide Holdings in a research note on Monday, June 5th. They issued a “buy” rating and a $80.00 price target on the stock. Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Friday, May 5th. Deutsche Bank AG lifted their price objective on shares of Hilton Worldwide Holdings from $65.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Finally, UBS AG lifted their price objective on shares of Hilton Worldwide Holdings from $64.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $72.06.

Hilton Worldwide Holdings Company Profile

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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