Resona Asset Management Co. Ltd. lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 5.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 72,206 shares of the company’s stock after selling 4,179 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Hilton Worldwide were worth $20,808,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of HLT. Vanguard Group Inc. increased its stake in Hilton Worldwide by 0.6% in the third quarter. Vanguard Group Inc. now owns 25,463,196 shares of the company’s stock worth $6,606,172,000 after purchasing an additional 151,984 shares during the period. JPMorgan Chase & Co. increased its stake in Hilton Worldwide by 12.6% in the third quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after purchasing an additional 1,132,880 shares during the period. Franklin Resources Inc. increased its stake 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 period. Jennison Associates LLC increased its stake in Hilton Worldwide by 2.6% in the third quarter. Jennison Associates LLC now owns 4,750,891 shares of the company’s stock worth $1,232,571,000 after purchasing an additional 119,172 shares during the period. Finally, Northern Trust Corp increased its stake in Hilton Worldwide by 1.0% in the third quarter. Northern Trust Corp now owns 2,385,868 shares of the company’s stock worth $618,990,000 after purchasing an additional 23,077 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 0.9%
Shares of Hilton Worldwide stock opened at $315.36 on Wednesday. The firm has a market cap of $71.79 billion, a P/E ratio of 48.15, a P/E/G ratio of 2.77 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. The stock’s fifty day moving average price is $313.54 and its 200-day moving average price is $299.24.
Hilton Worldwide Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.15 per share. The ex-dividend date 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 currently 9.16%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on HLT shares. HSBC increased their target price on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Mizuho increased their target price on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. The Goldman Sachs Group increased their target price on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, BMO Capital Markets increased their target price on Hilton Worldwide from $325.00 to $345.00 and gave the stock a “market perform” rating in a research note on Thursday, April 23rd. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $348.55.
Check Out 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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