Nordea Investment Management AB decreased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,378 shares of the company’s stock after selling 3,464 shares during the period. Nordea Investment Management AB’s holdings in Hilton Worldwide were worth $19,486,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. GLOBALT Investments LLC GA boosted its position in shares of Hilton Worldwide by 1.2% during the third quarter. GLOBALT Investments LLC GA now owns 3,277 shares of the company’s stock worth $850,000 after buying an additional 38 shares during the period. L2 Asset Management LLC raised its position in Hilton Worldwide by 3.6% in the 3rd quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock valued at $281,000 after buying an additional 38 shares during the last quarter. Benjamin Edwards Inc. raised its position in Hilton Worldwide by 1.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock valued at $680,000 after buying an additional 39 shares during the last quarter. RMR Wealth Builders lifted its stake in Hilton Worldwide by 1.3% in the 3rd quarter. RMR Wealth Builders now owns 2,953 shares of the company’s stock valued at $766,000 after acquiring an additional 39 shares in the last quarter. Finally, State of Wyoming boosted its position in Hilton Worldwide by 2.7% during the 2nd quarter. State of Wyoming now owns 1,549 shares of the company’s stock worth $413,000 after acquiring an additional 40 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Trading Down 0.4%
Shares of HLT opened at $299.55 on Wednesday. The company has a market cap of $68.68 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 2.61 and a beta of 1.10. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $333.86. The company’s fifty day simple moving average is $304.78 and its 200 day simple moving average is $284.91.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.80%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on HLT shares. Morgan Stanley lowered their price objective on shares of Hilton Worldwide from $306.00 to $303.00 and set an “overweight” rating on the stock in a report on Tuesday, March 10th. Barclays increased their target price on shares of Hilton Worldwide from $309.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. TD Cowen lifted their price target on shares of Hilton Worldwide from $297.00 to $330.00 in a research note on Tuesday, February 3rd. UBS Group boosted their price target on shares of Hilton Worldwide from $312.00 to $360.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Robert W. Baird raised their price objective on Hilton Worldwide from $285.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.18.
Check Out Our Latest Research Report on HLT
Insider Buying and Selling
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 114,289 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $317.47, for a total transaction of $36,283,328.83. Following the transaction, the insider owned 36,445 shares of the company’s stock, valued at $11,570,194.15. The trade was a 75.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.60% of the company’s stock.
About Hilton Worldwide
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.
See Also
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