Lido Advisors LLC increased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 39.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,237 shares of the company’s stock after buying an additional 2,608 shares during the period. Lido Advisors LLC’s holdings in Hilton Worldwide were worth $2,482,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenspring Advisors LLC purchased a new stake in Hilton Worldwide during the 4th quarter worth $580,000. CIBC Asset Management Inc increased its stake in Hilton Worldwide by 64.5% during the 4th quarter. CIBC Asset Management Inc now owns 55,837 shares of the company’s stock worth $16,039,000 after buying an additional 21,895 shares during the period. Goldman Sachs Group Inc. increased its stake in Hilton Worldwide by 17.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,359,913 shares of the company’s stock worth $677,885,000 after buying an additional 355,232 shares during the period. Westpac Banking Corp increased its stake in Hilton Worldwide by 10.3% during the 4th quarter. Westpac Banking Corp now owns 24,335 shares of the company’s stock worth $6,990,000 after buying an additional 2,276 shares during the period. Finally, Rice Partnership LLC increased its stake in Hilton Worldwide by 13.5% during the 4th quarter. Rice Partnership LLC now owns 23,088 shares of the company’s stock worth $6,632,000 after buying an additional 2,740 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
NYSE HLT opened at $343.74 on Monday. Hilton Worldwide Holdings Inc. has a one year low of $241.45 and a one year high of $346.85. The company has a 50-day simple moving average of $322.05 and a 200-day simple moving average of $305.09. The firm has a market capitalization of $78.25 billion, a PE ratio of 52.48, a price-to-earnings-growth ratio of 2.99 and a beta of 1.04.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be issued 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 payout ratio is 9.16%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on HLT shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hilton Worldwide from $299.00 to $332.00 and gave the stock a “hold” rating in a report on Thursday, February 12th. Evercore raised their price objective on shares of Hilton Worldwide from $335.00 to $350.00 in a report on Friday, April 24th. BMO Capital Markets raised their price objective on shares of Hilton Worldwide from $325.00 to $345.00 and gave the stock a “market perform” rating in a report on Thursday, April 23rd. Susquehanna raised their price objective on shares of Hilton Worldwide from $345.00 to $353.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings raised shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $348.55.
Get Our Latest Research 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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