Arrowstreet Capital Limited Partnership lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 8.4% in the first quarter, HoldingsChannel.com reports. The fund owned 2,175,965 shares of the company’s stock after selling 199,754 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Hilton Worldwide were worth $661,667,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new stake in Hilton Worldwide during the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC lifted its holdings in shares of Hilton Worldwide by 163.2% during the 1st quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock worth $30,000 after acquiring an additional 62 shares during the last quarter. ST Germain D J Co. Inc. purchased a new position in Hilton Worldwide in the fourth quarter worth $33,000. Meeder Asset Management Inc. increased its stake in Hilton Worldwide by 70.1% in the first quarter. Meeder Asset Management Inc. now owns 114 shares of the company’s stock valued at $35,000 after acquiring an additional 47 shares during the last quarter. Finally, BOCHK Asset Management Ltd bought a new position in Hilton Worldwide in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 1.3%
Hilton Worldwide stock opened at $320.09 on Friday. The firm has a 50-day moving average of $333.63 and a 200-day moving average of $317.97. The firm has a market cap of $72.87 billion, a P/E ratio of 48.87, a P/E/G ratio of 2.74 and a beta of 1.05. 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 announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is currently 9.16%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on HLT shares. HSBC lifted their price target on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Barclays raised their price objective on Hilton Worldwide from $365.00 to $367.00 and gave the company an “overweight” rating in a report on Tuesday. Argus upped their target price on Hilton Worldwide from $380.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Bank of America lifted their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a research note on Monday, April 27th. Finally, BMO Capital Markets increased their target price on shares of Hilton Worldwide from $325.00 to $345.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $350.36.
Read Our Latest Stock 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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