Allstate Corp lifted its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 100.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,678 shares of the company’s stock after purchasing an additional 8,348 shares during the quarter. Allstate Corp’s holdings in Hilton Worldwide were worth $4,791,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of HLT. Caitlin John LLC acquired a new position in shares of Hilton Worldwide during the 3rd quarter worth $32,000. ST Germain D J Co. Inc. acquired a new position in shares of Hilton Worldwide during the 4th quarter worth $33,000. Ameritas Advisory Services LLC increased its stake in shares of Hilton Worldwide by 110.6% during the 3rd quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock worth $36,000 after purchasing an additional 73 shares during the last quarter. BOCHK Asset Management Ltd acquired a new position in shares of Hilton Worldwide during the 4th quarter worth $43,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Hilton Worldwide during the 4th quarter worth $47,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 1.0%
NYSE:HLT opened at $324.25 on Wednesday. Hilton Worldwide Holdings Inc. has a 1 year low of $241.45 and a 1 year high of $344.75. The firm’s fifty day simple moving average is $316.11 and its 200 day simple moving average is $301.46. The firm has a market capitalization of $73.81 billion, a PE ratio of 49.50, a PEG ratio of 2.80 and a beta of 1.06.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is 9.16%.
Wall Street Analyst Weigh In
HLT has been the topic of several analyst reports. Barclays increased their price target on shares of Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Wells Fargo & Company raised 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. Argus raised their target price on shares of Hilton Worldwide from $350.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Mizuho raised their target price on shares of Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Finally, Robert W. Baird raised their target price on shares of Hilton Worldwide from $285.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $348.55.
Get Our Latest Research Report 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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