Mitsubishi UFJ Trust & Banking Corp Reduces Stake in Hilton Worldwide Holdings Inc. $HLT

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT) by 5.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 99,588 shares of the company’s stock after selling 6,003 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Hilton Worldwide were worth $25,837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Clearstead Trust LLC purchased a new position in shares of Hilton Worldwide in the 2nd quarter valued at $30,000. Sagard Holdings Management Inc. acquired a new position in Hilton Worldwide in the second quarter valued at $30,000. Bank of Jackson Hole Trust increased its position in shares of Hilton Worldwide by 132.7% during the second quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock worth $34,000 after purchasing an additional 73 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Hilton Worldwide by 52.9% in the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock valued at $34,000 after purchasing an additional 45 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in Hilton Worldwide by 59.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock worth $37,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HLT shares. Morgan Stanley increased their price objective on Hilton Worldwide from $289.00 to $306.00 and gave the company an “overweight” rating in a report on Friday, January 16th. HSBC increased their price target on shares of Hilton Worldwide from $307.00 to $319.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group increased their target price on shares of Hilton Worldwide from $322.00 to $339.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Wells Fargo & Company boosted their price target on Hilton Worldwide from $332.00 to $338.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Finally, Macquarie lifted their target price on Hilton Worldwide from $267.00 to $280.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $297.33.

Hilton Worldwide Stock Down 0.4%

Shares of NYSE:HLT opened at $297.00 on Tuesday. The company has a market cap of $69.03 billion, a price-to-earnings ratio of 42.98, a PEG ratio of 2.54 and a beta of 1.15. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $306.28. The firm’s 50-day simple moving average is $287.16 and its 200-day simple moving average is $274.70.

About Hilton Worldwide

Hilton Worldwide Holdings Inc is a global hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. Its business spans full-service luxury and lifestyle properties, select- and focused-service hotels, and extended-stay accommodations. The company generates revenue through management and franchise fees, owned and leased real estate, and guest services, and supports customer retention and direct bookings through its Hilton Honors guest loyalty program.

Hilton’s brand portfolio includes internationally recognized names across the lodging spectrum, from luxury and upper-upscale brands to midscale and extended-stay offerings.