Goldman Sachs Group Inc. increased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,359,913 shares of the company’s stock after buying an additional 355,232 shares during the quarter. Goldman Sachs Group Inc. owned about 1.02% of Hilton Worldwide worth $677,885,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitlin John LLC acquired a new stake in Hilton Worldwide in the third quarter valued at approximately $32,000. ST Germain D J Co. Inc. acquired a new position in shares of Hilton Worldwide during the fourth quarter worth $33,000. Ameritas Advisory Services LLC lifted its position in shares of Hilton Worldwide by 110.6% during 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 acquired a new position in shares of Hilton Worldwide during the fourth quarter worth $43,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Hilton Worldwide during the fourth quarter worth $47,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Hilton Worldwide stock opened at $332.19 on Thursday. The company has a market cap of $75.62 billion, a PE ratio of 50.72, a P/E/G ratio of 2.90 and a beta of 1.04. The company has a fifty day moving average price of $320.45 and a two-hundred day moving average price of $304.05. Hilton Worldwide Holdings Inc. has a 12 month low of $241.45 and a 12 month high of $344.75.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd. Hilton Worldwide’s payout ratio is currently 9.16%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Hilton Worldwide from $350.00 to $363.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $373.00 to $376.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 14th. Susquehanna boosted their target price on shares of Hilton Worldwide from $345.00 to $353.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn boosted their target price on shares of Hilton Worldwide from $320.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Barclays boosted their target price on shares of Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $348.55.
Check Out Our Latest Stock Analysis on Hilton Worldwide
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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