Fideuram Asset Management Ireland dac acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,001 shares of the company’s stock, valued at approximately $1,053,000.
Other institutional investors have also added to or reduced their stakes in the company. Caitlin John LLC bought a new position in Hilton Worldwide in the third quarter worth $32,000. ST Germain D J Co. Inc. bought a new position in Hilton Worldwide in the fourth quarter worth $33,000. Ameritas Advisory Services LLC raised its holdings in Hilton Worldwide by 110.6% in the third quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock worth $36,000 after purchasing an additional 73 shares in the last quarter. BOCHK Asset Management Ltd bought a new position in Hilton Worldwide in the fourth quarter worth $43,000. Finally, Elyxium Wealth LLC bought a new position in Hilton Worldwide in the fourth quarter worth $47,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of NYSE:HLT opened at $328.06 on Friday. Hilton Worldwide Holdings Inc. has a 1-year low of $241.45 and a 1-year high of $344.75. The business has a fifty day moving average price of $318.31 and a 200-day moving average price of $302.59. The company has a market capitalization of $74.68 billion, a PE ratio of 50.08, a PEG ratio of 2.86 and a beta of 1.06.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be given 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 dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on HLT shares. HSBC increased their price objective on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Barclays increased their price objective on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Bank of America raised their price target on Hilton Worldwide from $324.00 to $375.00 in a report on Monday, April 27th. Morgan Stanley raised their price target on Hilton Worldwide from $318.00 to $319.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Hilton Worldwide from $299.00 to $332.00 and gave the company a “hold” rating in a report on Thursday, February 12th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $348.55.
Check Out Our Latest Report on HLT
About Hilton Worldwide
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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