BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 40.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,365 shares of the company’s stock after buying an additional 5,823 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Hilton Worldwide were worth $4,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sowell Financial Services LLC bought a new stake in Hilton Worldwide in the 1st quarter valued at $314,000. Artemis Investment Management LLP grew its position in shares of Hilton Worldwide by 3.9% during the first quarter. Artemis Investment Management LLP now owns 163,281 shares of the company’s stock valued at $37,155,000 after purchasing an additional 6,146 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Hilton Worldwide by 8.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company’s stock worth $1,100,530,000 after purchasing an additional 364,307 shares during the last quarter. Malaga Cove Capital LLC purchased a new stake in shares of Hilton Worldwide in the first quarter worth about $316,000. Finally, Flagship Harbor Advisors LLC bought a new position in Hilton Worldwide during the first quarter valued at approximately $217,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 0.6%
Shares of HLT opened at $269.9940 on Thursday. The company’s fifty day simple moving average is $265.42 and its 200-day simple moving average is $249.20. The company has a market cap of $63.50 billion, a P/E ratio of 41.47, a P/E/G ratio of 2.68 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $279.46.
Hilton Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s payout ratio is presently 9.22%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on HLT. Evercore ISI decreased their price objective on Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating on the stock in a report on Wednesday, April 23rd. Raymond James Financial upped their price target on shares of Hilton Worldwide from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Macquarie lifted their price objective on shares of Hilton Worldwide from $240.00 to $258.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Bank of America upped their target price on shares of Hilton Worldwide from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. started coverage on shares of Hilton Worldwide in a report on Monday, June 23rd. They issued an “overweight” rating and a $282.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.40.
View Our Latest Research Report on HLT
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.
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