Tokio Marine Asset Management Co. Ltd. Boosts Stock Position in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 2.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,151 shares of the company’s stock after purchasing an additional 189 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Hilton Worldwide were worth $1,855,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Sowell Financial Services LLC purchased a new stake in shares of Hilton Worldwide during the first quarter worth approximately $314,000. Artemis Investment Management LLP increased its position in shares of Hilton Worldwide by 3.9% during the first quarter. Artemis Investment Management LLP now owns 163,281 shares of the company’s stock worth $37,155,000 after purchasing an additional 6,146 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Hilton Worldwide by 8.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company’s stock worth $1,100,530,000 after purchasing an additional 364,307 shares in the last quarter. Malaga Cove Capital LLC purchased a new stake in shares of Hilton Worldwide during the first quarter worth approximately $316,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Hilton Worldwide in the 1st quarter valued at $217,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on HLT shares. Barclays dropped their target price on Hilton Worldwide from $296.00 to $291.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Raymond James Financial upped their target price on Hilton Worldwide from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Macquarie upped their target price on Hilton Worldwide from $240.00 to $258.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Robert W. Baird upped their price target on Hilton Worldwide from $276.00 to $278.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Finally, Evercore ISI decreased their price target on Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.40.

Hilton Worldwide Trading Up 1.6%

HLT opened at $273.06 on Thursday. The stock’s 50-day moving average price is $263.66 and its 200 day moving average price is $248.66. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $279.46. The firm has a market cap of $64.22 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.65 and a beta of 1.26.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.16. Hilton Worldwide had a negative return on equity of 46.13% and a net margin of 13.84%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the company earned $1.91 EPS. Hilton Worldwide’s revenue was up 6.3% on a year-over-year basis. On average, research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.89 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a $0.15 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is presently 9.22%.

About Hilton Worldwide

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.