iA Global Asset Management Inc. grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 54.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,233 shares of the company’s stock after purchasing an additional 13,403 shares during the quarter. iA Global Asset Management Inc.’s holdings in Hilton Worldwide were worth $11,626,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hilton Worldwide by 17.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,626 shares of the company’s stock valued at $14,255,000 after acquiring an additional 7,339 shares during the last quarter. Allstate Corp boosted its stake in Hilton Worldwide by 100.2% during the 4th quarter. Allstate Corp now owns 16,678 shares of the company’s stock worth $4,791,000 after acquiring an additional 8,348 shares during the last quarter. Cumberland Partners Ltd boosted its stake in Hilton Worldwide by 100.0% during the 4th quarter. Cumberland Partners Ltd now owns 15,000 shares of the company’s stock worth $4,309,000 after acquiring an additional 7,500 shares during the last quarter. Fulton Breakefield Broenniman LLC acquired a new position in Hilton Worldwide during the fourth quarter valued at approximately $7,032,000. Finally, Holocene Advisors LP increased its stake in Hilton Worldwide by 17.0% in the third quarter. Holocene Advisors LP now owns 1,795,659 shares of the company’s stock valued at $465,866,000 after purchasing an additional 261,097 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
HLT opened at $331.02 on Wednesday. The company has a market capitalization of $75.36 billion, a price-to-earnings ratio of 50.54, a P/E/G ratio of 2.90 and a beta of 1.04. The business’s 50-day moving average price is $331.64 and its two-hundred day moving average price is $313.09. Hilton Worldwide Holdings Inc. has a 1 year low of $253.54 and a 1 year high of $358.00.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were given 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 was Friday, May 22nd. Hilton Worldwide’s payout ratio is currently 9.16%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on HLT. Bank of America boosted their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a report on Monday, April 27th. UBS Group raised their price objective on Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Macquarie Infrastructure boosted their target price on Hilton Worldwide from $296.00 to $320.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein dropped their price target on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $349.45.
Read Our Latest Research Report 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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