Geode Capital Management LLC lifted its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,448,978 shares of the company’s stock after acquiring an additional 31,364 shares during the quarter. Geode Capital Management LLC owned 2.77% of Hilton Worldwide worth $1,852,650,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in HLT. NewEdge Advisors LLC lifted its holdings in shares of Hilton Worldwide by 25.6% in the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock worth $520,000 after acquiring an additional 465 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Hilton Worldwide by 37.4% in the 1st quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock worth $1,396,000 after acquiring an additional 1,669 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Hilton Worldwide by 38.8% in the 1st quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock worth $4,625,000 after acquiring an additional 5,687 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Hilton Worldwide by 112.4% in the 1st quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock worth $1,247,000 after acquiring an additional 2,899 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Hilton Worldwide by 182.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock worth $76,000 after acquiring an additional 215 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Price Performance
NYSE HLT opened at $337.16 on Friday. The firm’s fifty day moving average price is $317.64 and its 200 day moving average price is $302.41. The company has a market capitalization of $76.75 billion, a price-to-earnings ratio of 51.47, a price-to-earnings-growth ratio of 2.93 and a beta of 1.06. Hilton Worldwide Holdings Inc. has a 12 month low of $241.45 and a 12 month high of $344.75.
Hilton Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be 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 is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Barclays increased their target price on shares of Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. UBS Group increased their target price on shares of Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Mizuho increased their target price on shares of Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $339.00 target price on shares of Hilton Worldwide in a report on Wednesday, February 11th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $348.55.
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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