OMERS ADMINISTRATION Corp Grows Stock Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

OMERS ADMINISTRATION Corp lifted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 19.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,665 shares of the company’s stock after buying an additional 1,767 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Hilton Worldwide were worth $2,636,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HLT. Jones Financial Companies Lllp increased its position in shares of Hilton Worldwide by 194.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,633 shares of the company’s stock worth $651,000 after purchasing an additional 1,740 shares in the last quarter. Amundi boosted its holdings in Hilton Worldwide by 24.2% in the fourth quarter. Amundi now owns 953,938 shares of the company’s stock worth $232,098,000 after acquiring an additional 185,765 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Hilton Worldwide by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 225,661 shares of the company’s stock worth $55,774,000 after acquiring an additional 4,846 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Hilton Worldwide in the 4th quarter valued at approximately $1,138,000. Finally, NewEdge Wealth LLC boosted its stake in Hilton Worldwide by 16.8% in the 4th quarter. NewEdge Wealth LLC now owns 7,120 shares of the company’s stock worth $1,760,000 after purchasing an additional 1,023 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Performance

NYSE HLT opened at $252.98 on Thursday. The business has a fifty day moving average price of $225.59 and a 200 day moving average price of $242.98. The company has a market cap of $60.13 billion, a P/E ratio of 41.13, a P/E/G ratio of 2.86 and a beta of 1.23. Hilton Worldwide Holdings Inc. has a one year low of $194.93 and a one year high of $275.22.

Hilton Worldwide (NYSE:HLT) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.11. Hilton Worldwide had a net margin of 13.74% and a negative return on equity of 54.47%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the firm posted $1.53 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts predict that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Analysts Set New Price Targets

HLT has been the subject of several research reports. Jefferies Financial Group upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $228.00 to $296.00 in a research note on Monday. Wells Fargo & Company increased their price objective on Hilton Worldwide from $232.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $235.00 target price (down previously from $296.00) on shares of Hilton Worldwide in a report on Monday, April 14th. Evercore ISI cut their price target on shares of Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating on the stock in a report on Wednesday, April 23rd. Finally, Morgan Stanley decreased their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $245.56.

About Hilton Worldwide

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.