Arrowstreet Capital Limited Partnership lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,375,719 shares of the company’s stock after buying an additional 381,828 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.04% of Hilton Worldwide worth $682,425,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of HLT. Caitlin John LLC purchased a new stake in shares of Hilton Worldwide during the third quarter valued at $32,000. ST Germain D J Co. Inc. purchased a new stake in shares of Hilton Worldwide during the fourth quarter valued at $33,000. Ameritas Advisory Services LLC boosted 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 valued at $36,000 after buying an additional 73 shares during the last quarter. BOCHK Asset Management Ltd purchased a new stake in shares of Hilton Worldwide during the fourth quarter valued at $43,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Hilton Worldwide during the fourth quarter valued at $47,000. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Stock Performance
Shares of NYSE:HLT opened at $346.17 on Friday. The stock has a market capitalization of $78.81 billion, a price-to-earnings ratio of 52.85, a PEG ratio of 3.02 and a beta of 1.04. The stock’s 50-day simple moving average is $326.16 and its two-hundred day simple moving average is $307.40. Hilton Worldwide Holdings Inc. has a 52-week low of $241.45 and a 52-week high of $349.03.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be paid a $0.15 dividend. 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 Analysts Forecast Growth
Several equities research analysts recently commented on the company. Barclays increased their price objective on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn raised their target price on Hilton Worldwide from $320.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. HSBC raised their target price on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Evercore raised their target price on Hilton Worldwide from $335.00 to $350.00 in a research report on Friday, April 24th. Finally, Weiss Ratings raised Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $348.55.
Get Our Latest 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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