Acadian Asset Management LLC Has $59.69 Million Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Acadian Asset Management LLC raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 356.5% during the first quarter, HoldingsChannel.com reports. The fund owned 279,893 shares of the company’s stock after purchasing an additional 218,579 shares during the period. Acadian Asset Management LLC’s holdings in Hilton Worldwide were worth $59,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Hilton Worldwide by 10.5% in the 1st quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after acquiring an additional 761,104 shares during the last quarter. Putnam Investments LLC boosted its stake in shares of Hilton Worldwide by 6.0% during the fourth quarter. Putnam Investments LLC now owns 3,826,023 shares of the company’s stock valued at $696,680,000 after purchasing an additional 216,219 shares in the last quarter. Norges Bank bought a new stake in shares of Hilton Worldwide during the fourth quarter worth about $475,073,000. TD Asset Management Inc increased its stake in shares of Hilton Worldwide by 2.8% in the first quarter. TD Asset Management Inc now owns 2,132,393 shares of the company’s stock valued at $454,861,000 after buying an additional 57,895 shares during the period. Finally, Capital World Investors boosted its position in Hilton Worldwide by 0.7% during the 4th quarter. Capital World Investors now owns 1,880,938 shares of the company’s stock worth $342,500,000 after buying an additional 12,942 shares during the period. Institutional investors own 95.90% of the company’s stock.

Insiders Place Their Bets

In related news, Director Melanie Healey acquired 2,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were acquired at an average price of $199.65 per share, with a total value of $399,300.00. Following the completion of the transaction, the director now owns 14,938 shares in the company, valued at approximately $2,982,371.70. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

Hilton Worldwide Stock Performance

Shares of Hilton Worldwide stock traded up $0.82 on Monday, hitting $220.01. The company had a trading volume of 475,656 shares, compared to its average volume of 1,556,193. The stock has a market capitalization of $55.01 billion, a price-to-earnings ratio of 47.82, a P/E/G ratio of 1.92 and a beta of 1.31. Hilton Worldwide Holdings Inc. has a 1 year low of $146.00 and a 1 year high of $229.03. The stock has a 50 day moving average of $210.43 and a 200-day moving average of $203.26.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12. Hilton Worldwide had a negative return on equity of 81.29% and a net margin of 11.41%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the business earned $1.24 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Equities analysts anticipate that Hilton Worldwide Holdings Inc. will post 7.07 earnings per share for the current year.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 17th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.27%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 13.04%.

Analyst Upgrades and Downgrades

HLT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hilton Worldwide from $176.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. Truist Financial increased their target price on shares of Hilton Worldwide from $199.00 to $209.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Robert W. Baird upped their price objective on shares of Hilton Worldwide from $212.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Bank of America boosted their target price on shares of Hilton Worldwide from $225.00 to $230.00 and gave the company a “buy” rating in a report on Monday. Finally, Mizuho lowered their price objective on Hilton Worldwide from $245.00 to $242.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide has an average rating of “Hold” and a consensus price target of $209.16.

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.