Hilton Worldwide Holdings Inc. (NYSE:HLT) Stake Boosted by Pioneer Investment Management Inc.

Pioneer Investment Management Inc. raised its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 8.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 208,962 shares of the company’s stock after buying an additional 16,167 shares during the period. Pioneer Investment Management Inc.’s holdings in Hilton Worldwide Holdings were worth $12,924,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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 valued at $230,000 after buying an additional 1,269 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Hilton Worldwide Holdings during the second quarter valued at about $414,000. 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 valued at $417,000 after buying an additional 2,750 shares during the last quarter. LS Investment Advisors LLC boosted its position in Hilton Worldwide Holdings by 259.6% in the second quarter. LS Investment Advisors LLC now owns 7,565 shares of the company’s stock valued at $468,000 after buying an additional 5,461 shares during the last quarter. Finally, ING Groep NV acquired a new position in Hilton Worldwide Holdings during the second quarter valued at about $649,000.

Shares of Hilton Worldwide Holdings Inc. (HLT) opened at 61.30 on Friday. The stock has a market capitalization of $19.87 billion, a P/E ratio of 510.83 and a beta of 1.29. The stock’s 50 day moving average price is $62.42 and its 200 day moving average price is $60.74. Hilton Worldwide Holdings Inc. has a one year low of $44.73 and a one year high of $67.79.

Hilton Worldwide Holdings (NYSE:HLT) last released its earnings results on Wednesday, July 26th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company had revenue of $2.35 billion during 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 business’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. On average, analysts forecast that Hilton Worldwide Holdings Inc. will post $1.84 EPS for the current year.

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is currently 461.33%.

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HLT has been the subject of several recent analyst reports. Bank of America Corporation reissued 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 initiated coverage on Hilton Worldwide Holdings in a research note on Monday, June 5th. They issued a “buy” rating and a $80.00 price target for the company. Zacks Investment Research raised Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Friday, May 5th. Deutsche Bank AG increased their price target on Hilton Worldwide Holdings from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Finally, UBS AG increased their price target on Hilton Worldwide Holdings from $64.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average 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.

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

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