Centersquare Investment Management LLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 20,150 shares of the company’s stock, valued at approximately $5,788,000.
Several other large investors also recently modified their holdings of the stock. CYBER HORNET ETFs LLC grew its holdings in shares of Hilton Worldwide by 4.7% during the 4th quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock worth $207,000 after purchasing an additional 32 shares in the last quarter. Waddell & Associates LLC grew its holdings in shares of Hilton Worldwide by 1.8% during the 4th quarter. Waddell & Associates LLC now owns 1,800 shares of the company’s stock worth $517,000 after purchasing an additional 32 shares in the last quarter. Eaton Financial Holdings Company LLC grew its holdings in shares of Hilton Worldwide by 1.2% during the 4th quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock worth $799,000 after purchasing an additional 34 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its holdings in shares of Hilton Worldwide by 2.8% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock worth $382,000 after purchasing an additional 36 shares in the last quarter. Finally, Quent Capital LLC grew its holdings in shares of Hilton Worldwide by 3.8% during the 4th quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $287,000 after purchasing an additional 37 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Stock Up 1.1%
Shares of HLT stock opened at $341.79 on Friday. Hilton Worldwide Holdings Inc. has a twelve month low of $241.45 and a twelve month high of $347.27. The company has a market cap of $77.81 billion, a P/E ratio of 52.18, a P/E/G ratio of 2.95 and a beta of 1.04. The business has a fifty day simple moving average of $325.41 and a 200 day simple moving average of $307.13.
Hilton Worldwide Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be given a $0.15 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.16%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on HLT. UBS Group upped their price objective on Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. TD Cowen upped their price objective on Hilton Worldwide from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Macquarie Infrastructure upped their price objective on Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Evercore upped their price objective on Hilton Worldwide from $335.00 to $350.00 in a research report on Friday, April 24th. Finally, Wells Fargo & Company upped their price objective on Hilton Worldwide from $373.00 to $376.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 14th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $348.55.
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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