Diversified Trust Co decreased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 27.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,427 shares of the company’s stock after selling 1,714 shares during the quarter. Diversified Trust Co’s holdings in Hilton Worldwide were worth $1,346,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC increased its position in shares of Hilton Worldwide by 25.6% in the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after acquiring an additional 465 shares during the period. Empowered Funds LLC boosted its position in Hilton Worldwide by 37.4% in the 1st quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock worth $1,396,000 after purchasing an additional 1,669 shares in the last quarter. Woodline Partners LP grew its position in Hilton Worldwide by 38.8% during the first quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock valued at $4,625,000 after buying an additional 5,687 shares during the period. Intech Investment Management LLC increased its stake in shares of Hilton Worldwide by 112.4% in the 1st quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock valued at $1,247,000 after purchasing an additional 2,899 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Hilton Worldwide by 182.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock worth $76,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of NYSE HLT opened at $344.87 on Wednesday. The firm has a market capitalization of $78.51 billion, a PE ratio of 52.65, a price-to-earnings-growth ratio of 2.99 and a beta of 1.04. Hilton Worldwide Holdings Inc. has a fifty-two week low of $251.57 and a fifty-two week high of $358.00. The stock’s 50-day simple moving average is $331.19 and its 200-day simple moving average is $310.79.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on HLT. Wells Fargo & Company raised their price target on shares of Hilton Worldwide from $373.00 to $376.00 and gave the company an “overweight” rating in a research note on Tuesday, April 14th. Rothschild & Co Redburn raised their price objective 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. Bank of America upped their price target on Hilton Worldwide from $324.00 to $375.00 in a research note on Monday, April 27th. Sanford C. Bernstein dropped their target price on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Finally, Morgan Stanley boosted their price target on shares of Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average price target of $349.45.
View Our Latest Research Report on HLT
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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