Assenagon Asset Management S.A. boosted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 522.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 530,727 shares of the company’s stock after buying an additional 445,414 shares during the period. Assenagon Asset Management S.A.’s holdings in Hilton Worldwide were worth $161,383,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Hilton Worldwide in the 4th quarter worth about $803,047,000. Two Sigma Investments LP boosted its stake in Hilton Worldwide by 1,222.9% during the 3rd quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock valued at $212,998,000 after purchasing an additional 758,930 shares during the period. Raymond James Financial Inc. grew its position in Hilton Worldwide by 126.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock worth $303,173,000 after purchasing an additional 635,220 shares during the last quarter. Franklin Resources Inc. grew its position in Hilton Worldwide by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after purchasing an additional 567,651 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Hilton Worldwide by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock valued at $1,462,778,000 after purchasing an additional 475,896 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
NYSE HLT opened at $343.54 on Thursday. Hilton Worldwide Holdings Inc. has a 12 month low of $251.57 and a 12 month high of $358.00. The firm has a market capitalization of $78.21 billion, a PE ratio of 52.45, a P/E/G ratio of 3.00 and a beta of 1.04. The company’s 50 day simple moving average is $331.52 and its 200 day simple moving average is $311.28.
Hilton Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.16%.
Analyst Upgrades and Downgrades
HLT has been the subject of several analyst reports. The Goldman Sachs Group boosted their price objective on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Susquehanna raised their target price on Hilton Worldwide from $345.00 to $353.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn lifted their target price on Hilton Worldwide from $320.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on Hilton Worldwide from $350.00 to $363.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, UBS Group increased their price target on Hilton Worldwide from $360.00 to $371.00 and gave the stock 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $349.45.
Get Our Latest Stock Analysis on HLT
Hilton Worldwide 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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