Fideuram Asset Management Ireland dac acquired a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund acquired 4,001 shares of the company’s stock, valued at approximately $1,053,000.
Several other institutional investors also recently modified their holdings of HLT. JPMorgan Chase & Co. boosted its position in shares of Hilton Worldwide by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock valued at $2,620,531,000 after buying an additional 1,132,880 shares during the last quarter. Two Sigma Investments LP boosted its position in Hilton Worldwide by 1,222.9% in the third quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock worth $212,998,000 after purchasing an additional 758,930 shares during the last quarter. Raymond James Financial Inc. boosted its position in Hilton Worldwide by 126.3% in the second quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock worth $303,173,000 after purchasing an additional 635,220 shares during the last quarter. Franklin Resources Inc. boosted its position in Hilton Worldwide by 10.4% in the third quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after purchasing an additional 567,651 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in Hilton Worldwide in the fourth quarter worth about $110,693,000. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Stock Down 2.8%
NYSE HLT opened at $328.06 on Friday. The stock’s 50-day moving average price is $318.31 and its 200-day moving average price is $302.59. Hilton Worldwide Holdings Inc. has a 52 week low of $241.45 and a 52 week high of $344.75. The company has a market capitalization of $74.68 billion, a P/E ratio of 50.08, a price-to-earnings-growth ratio of 2.86 and a beta of 1.06.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Wall Street Analysts Forecast Growth
HLT has been the topic of several research reports. Sanford C. Bernstein dropped their target price on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Raymond James Financial raised their target price on Hilton Worldwide from $300.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Bank of America raised their target price on Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. Barclays raised their target price on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, TD Cowen raised their target price on Hilton Worldwide from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $348.55.
Get Our Latest Stock Report on HLT
Hilton Worldwide Company Profile
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.
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