Capital Group Investment Management PTE. LTD. cut its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 84.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,064 shares of the company’s stock after selling 5,666 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in Hilton Worldwide were worth $306,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in Hilton Worldwide by 25.6% during the first quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after purchasing an additional 465 shares during the last quarter. Empowered Funds LLC increased its stake in Hilton Worldwide by 37.4% during the first quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock valued at $1,396,000 after purchasing an additional 1,669 shares during the last quarter. Woodline Partners LP grew its position in shares of Hilton Worldwide by 38.8% during the first 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 grew its position in shares of Hilton Worldwide by 112.4% during the first 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. grew its position in shares of Hilton Worldwide by 182.2% during the first 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 owned by institutional investors and hedge funds.
Hilton Worldwide Trading Up 0.2%
Shares of NYSE HLT opened at $343.74 on Monday. Hilton Worldwide Holdings Inc. has a twelve month low of $241.45 and a twelve month high of $346.85. The company has a market capitalization of $78.25 billion, a price-to-earnings ratio of 52.48, a PEG ratio of 2.99 and a beta of 1.05. The firm has a 50-day moving average of $322.05 and a two-hundred day moving average of $305.09.
Hilton Worldwide Announces Dividend
The firm 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is presently 9.16%.
Analyst Ratings Changes
Several equities analysts have recently commented on HLT shares. Argus upped their price target on shares of Hilton Worldwide from $350.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. UBS Group increased their target price on shares of Hilton Worldwide from $360.00 to $371.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Barclays increased their target price on shares of Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Wells Fargo & Company increased their target price on shares of Hilton Worldwide from $373.00 to $376.00 and gave the company an “overweight” rating in a research report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Hilton Worldwide from $299.00 to $332.00 and gave the company a “hold” rating in a research report on Thursday, February 12th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $348.55.
View Our Latest 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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