iA Global Asset Management Inc. purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 24,830 shares of the company’s stock, valued at approximately $7,132,000.
A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Hilton Worldwide by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 25,463,196 shares of the company’s stock valued at $6,606,172,000 after acquiring an additional 151,984 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Hilton Worldwide by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock valued at $2,620,531,000 after acquiring an additional 1,132,880 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Hilton Worldwide by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock valued at $1,559,316,000 after acquiring an additional 567,651 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Hilton Worldwide by 2.6% during the 3rd quarter. Jennison Associates LLC now owns 4,750,891 shares of the company’s stock valued at $1,232,571,000 after acquiring an additional 119,172 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Hilton Worldwide by 9.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,067,494 shares of the company’s stock valued at $1,055,271,000 after acquiring an additional 366,987 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
NYSE:HLT opened at $316.05 on Monday. The business has a 50 day moving average of $312.98 and a 200 day moving average of $298.45. The company has a market capitalization of $71.95 billion, a price-to-earnings ratio of 48.25, a PEG ratio of 2.76 and a beta of 1.06. Hilton Worldwide Holdings Inc. has a 1-year low of $241.45 and a 1-year high of $344.75.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be given a $0.15 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s payout ratio is presently 9.16%.
Insiders Place Their Bets
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 114,289 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $317.47, for a total value of $36,283,328.83. Following the completion of the sale, the insider owned 36,445 shares in the company, valued at approximately $11,570,194.15. The trade was a 75.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.
Hilton Worldwide News Roundup
Here are the key news stories impacting Hilton Worldwide this week:
- Positive Sentiment: Zacks Research lifted Hilton’s earnings forecasts for several future quarters and full years, signaling stronger expected profitability ahead. Article Title
- Neutral Sentiment: Sanford C. Bernstein trimmed its price target on Hilton to $320 from $322 and kept a market perform rating, suggesting limited near-term upside from current levels. Article Title
- Neutral Sentiment: The stock is still trading near the recent range, and Bernstein’s new target remains only modestly above where shares have been trading, which may be tempering enthusiasm. Article Title
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Raymond James Financial lifted their price target on Hilton Worldwide from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Jefferies Financial Group reiterated a “buy” rating and set a $339.00 price target on shares of Hilton Worldwide in a research report on Wednesday, February 11th. Susquehanna lifted their price target on Hilton Worldwide from $345.00 to $353.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Barclays raised their price objective on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Evercore boosted their target price on Hilton Worldwide from $335.00 to $350.00 in a research report on Friday, April 24th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $348.55.
Read Our Latest Stock Analysis on Hilton Worldwide
Hilton Worldwide 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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