Capital World Investors increased its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,307,667 shares of the company’s stock after purchasing an additional 55,515 shares during the period. Capital World Investors owned approximately 0.99% of Hilton Worldwide worth $662,960,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Hilton Worldwide by 10.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 16,808 shares of the company’s stock valued at $4,828,000 after buying an additional 1,528 shares in the last quarter. Pinebridge Investments LLC acquired a new stake in Hilton Worldwide in the fourth quarter valued at about $1,198,000. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in Hilton Worldwide in the fourth quarter valued at about $21,492,000. Parallel Advisors LLC boosted its stake in Hilton Worldwide by 2.1% in the fourth quarter. Parallel Advisors LLC now owns 3,136 shares of the company’s stock valued at $901,000 after buying an additional 63 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its stake in Hilton Worldwide by 69.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,271 shares of the company’s stock valued at $365,000 after buying an additional 522 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 0.2%
Shares of HLT stock opened at $343.74 on Monday. The business’s 50-day moving average price is $322.05 and its 200-day moving average price is $305.09. Hilton Worldwide Holdings Inc. has a 12 month low of $241.45 and a 12 month high of $346.85. The firm has a market capitalization of $78.25 billion, a price-to-earnings ratio of 52.48, a PEG ratio of 2.99 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The business also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd. Hilton Worldwide’s payout ratio is currently 9.16%.
Analysts Set New Price Targets
Several research firms recently weighed in on HLT. Barclays raised their price objective on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Argus raised their price objective on Hilton Worldwide from $350.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. TD Cowen raised their price objective on Hilton Worldwide from $350.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company raised their price objective on Hilton Worldwide from $373.00 to $376.00 and gave the company an “overweight” rating in a research note on Tuesday, April 14th. Finally, UBS Group lifted their price target on Hilton Worldwide from $360.00 to $371.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.55.
Read Our Latest Stock Analysis 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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