OP Asset Management Ltd acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the first quarter, HoldingsChannel reports. The fund acquired 23,720 shares of the company’s stock, valued at approximately $7,213,000.
A number of other institutional investors also recently modified their holdings of HLT. CYBER HORNET ETFs LLC grew its stake in shares of Hilton Worldwide by 4.7% during the fourth quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock valued at $207,000 after purchasing an additional 32 shares during the last quarter. Waddell & Associates LLC raised its position in Hilton Worldwide by 1.8% in 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 during the last quarter. Eaton Financial Holdings Company LLC lifted its holdings in 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 buying an additional 34 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its position in Hilton Worldwide by 2.8% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock valued at $382,000 after buying an additional 36 shares during the last quarter. Finally, Quent Capital LLC increased its stake in shares of Hilton Worldwide by 3.8% in the 4th quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock valued at $287,000 after buying an additional 37 shares during the period. 95.90% of the stock is owned by institutional investors.
Hilton Worldwide Trading Down 0.8%
NYSE HLT opened at $340.74 on Friday. Hilton Worldwide Holdings Inc. has a 12 month low of $253.54 and a 12 month high of $358.00. The stock has a 50-day simple moving average of $331.71 and a 200 day simple moving average of $311.77. The company has a market capitalization of $77.57 billion, a PE ratio of 52.02, a P/E/G ratio of 3.00 and a beta of 1.04.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend 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 presently 9.16%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on HLT shares. Susquehanna upped their price target on Hilton Worldwide from $345.00 to $353.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group lifted their price objective on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Macquarie Infrastructure upped their target price on shares of Hilton Worldwide from $296.00 to $320.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. TD Cowen raised their target price on shares of Hilton Worldwide from $350.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Bank of America lifted their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average target price of $349.45.
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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