Bleakley Financial Group LLC raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,879 shares of the company’s stock after acquiring an additional 1,645 shares during the period. Bleakley Financial Group LLC’s holdings in Hilton Worldwide were worth $5,741,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Kemnay Advisory Services Inc. purchased a new position in shares of Hilton Worldwide during the fourth quarter worth $26,000. ST Germain D J Co. Inc. purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $33,000. BOCHK Asset Management Ltd purchased a new position in shares of Hilton Worldwide during the 4th quarter valued at about $43,000. MV Capital Management Inc. acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at about $43,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Hilton Worldwide in the fourth quarter worth about $47,000. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Stock Performance
NYSE:HLT opened at $325.66 on Wednesday. The company has a fifty day moving average of $332.64 and a two-hundred day moving average of $316.37. The stock has a market capitalization of $74.14 billion, a PE ratio of 49.72, a P/E/G ratio of 2.81 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a fifty-two week low of $253.54 and a fifty-two week high of $358.00.
Hilton Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is currently 9.16%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on HLT shares. Mizuho lifted their price target on Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Wells Fargo & Company boosted their target price 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. Evercore increased their price target on shares of Hilton Worldwide from $335.00 to $350.00 in a report on Friday, April 24th. Bank of America raised their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. Finally, The Goldman Sachs Group upped their price objective on shares of Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $349.45.
Check Out Our Latest Analysis on Hilton Worldwide
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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