Jefferies Financial Group Inc. trimmed its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 55.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,949 shares of the company’s stock after selling 7,426 shares during the period. Jefferies Financial Group Inc.’s holdings in Hilton Worldwide were worth $1,709,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. purchased a new stake in Hilton Worldwide during the fourth quarter worth approximately $33,000. Caitlin John LLC purchased a new stake in Hilton Worldwide during the 3rd quarter valued at approximately $32,000. Ameritas Advisory Services LLC raised its stake in Hilton Worldwide by 110.6% during the 3rd quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock valued at $36,000 after acquiring an additional 73 shares during the last quarter. BOCHK Asset Management Ltd purchased a new stake in Hilton Worldwide in the 4th quarter valued at approximately $43,000. Finally, Elyxium Wealth LLC acquired a new stake in Hilton Worldwide in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 4.0%
Shares of NYSE HLT opened at $336.85 on Thursday. Hilton Worldwide Holdings Inc. has a 52-week low of $241.45 and a 52-week high of $344.75. The stock has a market capitalization of $76.68 billion, a P/E ratio of 51.43, a P/E/G ratio of 2.82 and a beta of 1.06. The firm’s 50-day moving average price is $316.93 and its two-hundred day moving average price is $301.96.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be given 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 9.16%.
Analyst Upgrades and Downgrades
HLT has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Jefferies Financial Group restated a “buy” rating and set a $339.00 price objective on shares of Hilton Worldwide in a report on Wednesday, February 11th. TD Cowen increased their price objective on shares of Hilton Worldwide from $350.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. UBS Group upped their price objective on Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Barclays lifted their target price on shares of Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Fourteen research 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 company currently has an average rating of “Moderate Buy” and an average target price of $348.55.
Check Out Our Latest Analysis 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.
Recommended Stories
- Five stocks we like better than Hilton Worldwide
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
