Northwestern Mutual Wealth Management Co. lifted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 191,571 shares of the company’s stock after purchasing an additional 3,731 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Hilton Worldwide were worth $55,029,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in HLT. CYBER HORNET ETFs LLC raised its position in Hilton Worldwide by 4.7% in the fourth quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock worth $207,000 after acquiring an additional 32 shares during the period. Eaton Financial Holdings Company LLC raised its position in Hilton Worldwide by 1.2% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock worth $799,000 after acquiring an additional 34 shares during the period. Moss Adams Wealth Advisors LLC raised its position in Hilton Worldwide by 2.8% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock worth $382,000 after acquiring an additional 36 shares during the period. Quent Capital LLC raised its position in Hilton Worldwide by 3.8% in the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $287,000 after acquiring an additional 37 shares during the period. Finally, L2 Asset Management LLC raised its position in Hilton Worldwide by 3.6% in the third quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock worth $281,000 after acquiring an additional 38 shares during the period. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Trading Down 2.8%
Shares of NYSE:HLT opened at $328.06 on Friday. The company has a 50 day moving average of $318.31 and a 200 day moving average of $302.59. The stock has a market cap of $74.68 billion, a P/E ratio of 50.08, a P/E/G ratio of 2.86 and a beta of 1.06. Hilton Worldwide Holdings Inc. has a 12 month low of $241.45 and a 12 month high of $344.75.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s payout ratio is currently 9.16%.
Analyst Ratings Changes
Several analysts have commented on HLT shares. Weiss Ratings raised shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group lifted their price objective on shares of Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn lifted their price objective on shares of Hilton Worldwide from $320.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Wells Fargo & Company lifted their price objective on shares of Hilton Worldwide from $373.00 to $376.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 14th. Finally, BMO Capital Markets lifted their price objective on shares of Hilton Worldwide from $325.00 to $345.00 and gave the stock a “market perform” rating in a research report on Thursday, April 23rd. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $348.55.
Check Out Our Latest Stock Analysis on Hilton Worldwide
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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