Canoe Financial LP lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 20.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,327 shares of the company’s stock after selling 9,480 shares during the quarter. Canoe Financial LP’s holdings in Hilton Worldwide were worth $11,350,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Kemnay Advisory Services Inc. bought a new position in Hilton Worldwide during the 4th quarter valued at about $26,000. Caitlin John LLC bought a new stake in Hilton Worldwide in the third quarter worth about $32,000. ST Germain D J Co. Inc. bought a new stake in Hilton Worldwide in the fourth quarter worth about $33,000. BOCHK Asset Management Ltd purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $43,000. Finally, MV Capital Management Inc. bought a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $43,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of NYSE HLT opened at $333.60 on Monday. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00. The firm has a market capitalization of $75.94 billion, a price-to-earnings ratio of 50.93, a PEG ratio of 2.90 and a beta of 1.05. The stock has a 50 day moving average price of $331.80 and a 200 day moving average price of $312.21.
Hilton Worldwide Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.16%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on HLT. Truist Financial raised their price target on Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Susquehanna upped their price objective on Hilton Worldwide from $345.00 to $353.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. HSBC increased their target price on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. TD Cowen lifted their target price on Hilton Worldwide from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company boosted 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. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Hilton Worldwide currently has an average rating of “Moderate Buy” and an average target price of $349.45.
Read Our Latest 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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