Athena Wealth Management LLC boosted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 89.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,192 shares of the company’s stock after acquiring an additional 2,452 shares during the period. Hilton Worldwide accounts for about 1.3% of Athena Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Athena Wealth Management LLC’s holdings in Hilton Worldwide were worth $1,579,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in shares of Hilton Worldwide in the fourth quarter worth $26,000. Caitlin John LLC acquired 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 Hilton Worldwide during the 4th quarter worth about $33,000. BOCHK Asset Management Ltd acquired a new position in Hilton Worldwide in the 4th quarter valued at about $43,000. Finally, MV Capital Management Inc. acquired a new position in Hilton Worldwide in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 1.5%
Shares of Hilton Worldwide stock opened at $343.44 on Tuesday. The business’s fifty day moving average price is $330.76 and its 200 day moving average price is $310.33. Hilton Worldwide Holdings Inc. has a twelve month low of $243.53 and a twelve month high of $358.00. The stock has a market capitalization of $78.18 billion, a P/E ratio of 52.43, a PEG ratio of 3.04 and a beta of 1.05.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is presently 9.16%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on HLT shares. Mizuho boosted their price objective on shares of Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Evercore lifted their target price on shares of Hilton Worldwide from $335.00 to $350.00 in a research note on Friday, April 24th. Morgan Stanley boosted 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. JPMorgan Chase & Co. increased their price target on Hilton Worldwide from $350.00 to $363.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Sanford C. Bernstein decreased their price objective on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.45.
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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