Meeder Advisory Services Inc. Buys 1,706 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

Meeder Advisory Services Inc. boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 38.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,158 shares of the company’s stock after purchasing an additional 1,706 shares during the period. Meeder Advisory Services Inc.’s holdings in Hilton Worldwide were worth $1,344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. lifted its position in Hilton Worldwide by 87.1% during the second quarter. Meeder Asset Management Inc. now owns 262 shares of the company’s stock valued at $57,000 after purchasing an additional 122 shares during the period. BOKF NA raised its position in Hilton Worldwide by 53.6% in the second quarter. BOKF NA now owns 9,598 shares of the company’s stock worth $2,094,000 after acquiring an additional 3,350 shares during the period. Achmea Investment Management B.V. raised its position in Hilton Worldwide by 341.5% in the second quarter. Achmea Investment Management B.V. now owns 19,046 shares of the company’s stock worth $4,156,000 after acquiring an additional 14,732 shares during the period. Y.D. More Investments Ltd bought a new position in Hilton Worldwide in the second quarter worth approximately $327,000. Finally, South Street Advisors LLC raised its position in Hilton Worldwide by 1.2% in the second quarter. South Street Advisors LLC now owns 97,062 shares of the company’s stock worth $21,179,000 after acquiring an additional 1,166 shares during the period. Institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on HLT shares. Barclays decreased their price target on shares of Hilton Worldwide from $228.00 to $224.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Macquarie increased their price target on shares of Hilton Worldwide from $205.00 to $208.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Bank of America increased their price target on shares of Hilton Worldwide from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. increased their price target on shares of Hilton Worldwide from $200.00 to $216.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hilton Worldwide from $185.00 to $181.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide has an average rating of “Hold” and an average target price of $212.22.

Hilton Worldwide Stock Performance

HLT opened at $216.82 on Friday. The stock has a market capitalization of $53.43 billion, a price-to-earnings ratio of 47.13, a PEG ratio of 2.32 and a beta of 1.31. The company has a fifty day moving average of $214.48 and a 200 day moving average of $209.30. Hilton Worldwide Holdings Inc. has a fifty-two week low of $146.00 and a fifty-two week high of $229.03.

Hilton Worldwide (NYSE:HLT) last posted its earnings results on Wednesday, August 7th. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. Hilton Worldwide had a net margin of 11.20% and a negative return on equity of 69.65%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the company posted $1.63 earnings per share. Hilton Worldwide’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities research analysts forecast that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current year.

Hilton Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%. Hilton Worldwide’s payout ratio is currently 13.04%.

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.