Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,066 shares of the company’s stock after selling 2,413 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hilton Worldwide were worth $15,530,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Hilton Worldwide by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 25,463,196 shares of the company’s stock valued at $6,606,172,000 after buying an additional 151,984 shares during the period. JPMorgan Chase & Co. increased its stake in Hilton Worldwide by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock valued at $2,620,531,000 after buying an additional 1,132,880 shares during the period. Geode Capital Management LLC increased its stake in Hilton Worldwide by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock valued at $1,852,650,000 after buying an additional 31,364 shares during the period. Franklin Resources Inc. increased its stake in Hilton Worldwide by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock valued at $1,559,316,000 after buying an additional 567,651 shares during the period. Finally, Norges Bank acquired a new position in Hilton Worldwide in the 4th quarter valued at approximately $803,047,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 0.1%
NYSE:HLT opened at $328.06 on Monday. Hilton Worldwide Holdings Inc. has a 1 year low of $241.45 and a 1 year high of $344.75. The firm’s fifty day simple moving average is $318.31 and its 200 day simple moving average is $302.78. The firm has a market capitalization of $74.68 billion, a PE ratio of 50.08, a PEG ratio of 2.86 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a $0.15 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.16%.
Wall Street Analyst Weigh In
HLT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Hilton Worldwide from $299.00 to $332.00 and gave the stock a “hold” rating in a research note on Thursday, February 12th. BMO Capital Markets increased their price target on shares of Hilton Worldwide from $325.00 to $345.00 and gave the stock a “market perform” rating in a research note on Thursday, April 23rd. UBS Group increased their price target on shares of Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Jefferies Financial Group restated a “buy” rating and set a $339.00 price target on shares of Hilton Worldwide in a research note on Wednesday, February 11th. Finally, The Goldman Sachs Group increased their price target on shares of Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $348.55.
Get Our Latest Research Report on Hilton Worldwide
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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