Elo Mutual Pension Insurance Co Buys 2,742 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Elo Mutual Pension Insurance Co boosted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,814 shares of the company’s stock after purchasing an additional 2,742 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Hilton Worldwide were worth $6,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Hilton Worldwide by 15.3% in 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 acquiring an additional 1,429,537 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Hilton Worldwide by 38.8% in the third quarter. Cerity Partners LLC now owns 13,505 shares of the company’s stock worth $3,113,000 after purchasing an additional 3,773 shares in the last quarter. Independent Advisor Alliance lifted its position in shares of Hilton Worldwide by 3.4% in the third quarter. Independent Advisor Alliance now owns 2,552 shares of the company’s stock worth $588,000 after purchasing an additional 84 shares in the last quarter. Townsquare Capital LLC grew its position in Hilton Worldwide by 60.7% in the third quarter. Townsquare Capital LLC now owns 6,289 shares of the company’s stock valued at $1,450,000 after purchasing an additional 2,376 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its stake in Hilton Worldwide by 1.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 30,386 shares of the company’s stock valued at $7,004,000 after buying an additional 518 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Activity

In other Hilton Worldwide news, insider Christopher J. Nassetta sold 40,653 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the transaction, the insider now directly owns 77,383 shares of the company’s stock, valued at $20,802,871.89. This trade represents a 34.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Raymond James increased their price objective on shares of Hilton Worldwide from $250.00 to $290.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Barclays raised their price target on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Macquarie upped their price objective on Hilton Worldwide from $248.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Morgan Stanley raised their target price on shares of Hilton Worldwide from $265.00 to $274.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group upped their price target on shares of Hilton Worldwide from $247.00 to $277.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Eleven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide has a consensus rating of “Hold” and a consensus target price of $254.53.

Hilton Worldwide Trading Down 1.2 %

NYSE:HLT opened at $232.10 on Friday. The stock has a 50 day simple moving average of $251.36 and a 200 day simple moving average of $244.61. The stock has a market cap of $55.84 billion, a P/E ratio of 37.74, a PEG ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 1-year low of $193.86 and a 1-year high of $275.22.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Thursday, February 6th. The company reported $1.76 earnings per share 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 forecast that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.26%. 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.