Norinchukin Bank The Takes Position in Hilton Worldwide Holdings Inc. (HLT)

Norinchukin Bank The purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,219 shares of the company’s stock, valued at approximately $879,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Hilton Worldwide Holdings by 10.6% during the second quarter. Principal Financial Group Inc. now owns 3,443,710 shares of the company’s stock valued at $212,994,000 after buying an additional 329,412 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Hilton Worldwide Holdings by 131.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 743,199 shares of the company’s stock valued at $45,967,000 after buying an additional 421,910 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Hilton Worldwide Holdings during the second quarter valued at about $2,405,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Hilton Worldwide Holdings by 4.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 584,880 shares of the company’s stock valued at $36,175,000 after buying an additional 27,194 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Hilton Worldwide Holdings during the second quarter valued at about $10,918,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Hilton Worldwide Holdings Inc. (NYSE:HLT) opened at 66.56 on Tuesday. Hilton Worldwide Holdings Inc. has a one year low of $44.73 and a one year high of $67.79. The firm has a market cap of $21.58 billion, a P/E ratio of 554.67 and a beta of 1.29. The company has a 50-day moving average of $63.39 and a 200 day moving average of $61.82.

Hilton Worldwide Holdings (NYSE:HLT) last posted its earnings results on Wednesday, July 26th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. The firm 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 firm’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. Equities research analysts expect that Hilton Worldwide Holdings Inc. will post $1.84 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, August 18th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, August 16th. Hilton Worldwide Holdings’s payout ratio is 461.33%.

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Several analysts have commented on the stock. UBS AG increased their price target on shares of Hilton Worldwide Holdings from $64.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised shares of Hilton Worldwide Holdings from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday, July 11th. TheStreet lowered shares of Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a research report on Friday, June 30th. BidaskClub raised shares of Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Telsey Advisory Group increased their price target on shares of Hilton Worldwide Holdings from $61.00 to $67.00 and gave the company a “market perform” rating in a research report on Wednesday, July 26th. One research 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 has a consensus rating of “Buy” and an average price target of $70.94.

About Hilton Worldwide Holdings

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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