MetLife Investment Advisors LLC Takes $5 Million Position in Hilton Worldwide Holdings Inc (HLT)

MetLife Investment Advisors LLC bought a new stake in shares of Hilton Worldwide Holdings Inc (NYSE:HLT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 62,567 shares of the company’s stock, valued at approximately $4,997,000.

A number of other institutional investors also recently made changes to their positions in HLT. Nationwide Fund Advisors lifted its position in Hilton Worldwide by 362.3% during the third quarter. Nationwide Fund Advisors now owns 274,025 shares of the company’s stock valued at $19,031,000 after purchasing an additional 214,754 shares during the last quarter. New York State Common Retirement Fund lifted its position in Hilton Worldwide by 11.0% during the third quarter. New York State Common Retirement Fund now owns 513,455 shares of the company’s stock valued at $35,659,000 after purchasing an additional 50,875 shares during the last quarter. Advisor Group Inc. lifted its position in Hilton Worldwide by 433.7% during the third quarter. Advisor Group Inc. now owns 5,038 shares of the company’s stock valued at $350,000 after purchasing an additional 4,094 shares during the last quarter. Comerica Bank lifted its position in Hilton Worldwide by 2.3% during the third quarter. Comerica Bank now owns 54,208 shares of the company’s stock valued at $3,938,000 after purchasing an additional 1,243 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in Hilton Worldwide by 18.2% during the third quarter. Pacer Advisors Inc. now owns 6,736 shares of the company’s stock valued at $468,000 after purchasing an additional 1,039 shares during the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.

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Shares of Hilton Worldwide stock opened at $78.17 on Friday. Hilton Worldwide Holdings Inc has a 1-year low of $55.91 and a 1-year high of $88.11. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.16. The company has a market cap of $24,710.95, a price-to-earnings ratio of 39.08, a P/E/G ratio of 5.62 and a beta of 1.33.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10. Hilton Worldwide had a net margin of 13.77% and a return on equity of 39.37%. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the business posted $0.70 EPS. The firm’s revenue was up 23.9% compared to the same quarter last year. equities analysts anticipate that Hilton Worldwide Holdings Inc will post 2.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. Hilton Worldwide’s dividend payout ratio is currently 15.42%.

HLT has been the subject of several research analyst reports. TheStreet upgraded shares of Hilton Worldwide from a “c” rating to a “b” rating in a research report on Wednesday, February 14th. Royal Bank of Canada reiterated a “buy” rating and set a $93.00 target price on shares of Hilton Worldwide in a research report on Tuesday, February 27th. SunTrust Banks lifted their target price on shares of Hilton Worldwide to $92.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Morgan Stanley restated a “buy” rating on shares of Hilton Worldwide in a report on Friday, December 8th. Finally, Zacks Investment Research upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Wednesday, March 7th. Eleven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $80.89.

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Hilton Worldwide 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 (NYSE:HLT)

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