Sumitomo Mitsui Asset Management Company LTD decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,184 shares of the company’s stock after selling 203 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Hilton Worldwide Holdings were worth $939,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aperio Group LLC boosted its position in Hilton Worldwide Holdings by 0.3% in the second quarter. Aperio Group LLC now owns 33,514 shares of the company’s stock worth $2,073,000 after buying an additional 110 shares during the period. Shell Asset Management Co. boosted its position in Hilton Worldwide Holdings by 5.7% in the second quarter. Shell Asset Management Co. now owns 11,935 shares of the company’s stock worth $738,000 after buying an additional 639 shares during the period. Creative Planning boosted its position in Hilton Worldwide Holdings by 51.7% in the second quarter. Creative Planning now owns 3,723 shares of the company’s stock worth $230,000 after buying an additional 1,269 shares during the period. US Bancorp DE boosted its position in Hilton Worldwide Holdings by 7.5% in the second quarter. US Bancorp DE now owns 38,800 shares of the company’s stock worth $2,399,000 after buying an additional 2,692 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in Hilton Worldwide Holdings by 68.8% in the second quarter. State of Alaska Department of Revenue now owns 6,747 shares of the company’s stock worth $417,000 after buying an additional 2,750 shares during the period. Institutional investors own 99.71% of the company’s stock.

Shares of Hilton Worldwide Holdings Inc. (NYSE HLT) opened at 62.98 on Friday. The stock has a 50 day moving average of $63.36 and a 200-day moving average of $60.53. The company has a market capitalization of $20.42 billion, a P/E ratio of 524.83 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a 12-month low of $45.32 and a 12-month high of $67.79.

Hilton Worldwide Holdings (NYSE:HLT) last posted 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 firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.31 billion. Hilton Worldwide Holdings had a net margin of 0.39% and a return on equity of 19.65%. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. Equities research analysts forecast that Hilton Worldwide Holdings Inc. will post $1.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, August 18th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 16th. Hilton Worldwide Holdings’s dividend payout ratio is currently 461.33%.

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Several brokerages have commented on HLT. Zacks Investment Research upgraded shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Monday, July 31st. Berenberg Bank upgraded shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating and boosted their price target for the stock from $47.00 to $65.00 in a research note on Monday, July 31st. BidaskClub cut shares of Hilton Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Barclays PLC boosted their price target on shares of Hilton Worldwide Holdings from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 27th. Finally, Telsey Advisory Group boosted their price target on shares of Hilton Worldwide Holdings from $61.00 to $67.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average 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.

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

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