Rice Partnership LLC raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,088 shares of the company’s stock after buying an additional 2,740 shares during the quarter. Hilton Worldwide comprises about 0.9% of Rice Partnership LLC’s holdings, making the stock its 28th largest position. Rice Partnership LLC’s holdings in Hilton Worldwide were worth $6,632,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Hilton Worldwide by 17.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,626 shares of the company’s stock worth $14,255,000 after purchasing an additional 7,339 shares in the last quarter. Candriam S.C.A. boosted its holdings in shares of Hilton Worldwide by 11.2% in the 3rd quarter. Candriam S.C.A. now owns 73,823 shares of the company’s stock worth $19,153,000 after purchasing an additional 7,441 shares in the last quarter. Allstate Corp boosted its holdings in shares of Hilton Worldwide by 100.2% in the 4th quarter. Allstate Corp now owns 16,678 shares of the company’s stock worth $4,791,000 after purchasing an additional 8,348 shares in the last quarter. Fulton Breakefield Broenniman LLC purchased a new position in shares of Hilton Worldwide in the 4th quarter worth about $7,032,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Hilton Worldwide by 149.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 18,637 shares of the company’s stock worth $4,835,000 after purchasing an additional 11,176 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide Price Performance
HLT opened at $332.82 on Wednesday. The business has a 50 day simple moving average of $319.01 and a two-hundred day simple moving average of $303.20. The firm has a market capitalization of $75.77 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 2.90 and a beta of 1.04. Hilton Worldwide Holdings Inc. has a one year low of $241.45 and a one year high of $344.75.
Hilton Worldwide Dividend Announcement
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 issued a dividend of $0.15 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is 9.16%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports 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 report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $339.00 price objective on shares of Hilton Worldwide in a report on Wednesday, February 11th. Mizuho upped their price objective on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Morgan Stanley upped their price objective on Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. 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 report on Tuesday, April 14th. Fourteen equities research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $348.55.
Get Our Latest Research Report on Hilton Worldwide
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.
Featured Stories
- Five stocks we like better than Hilton Worldwide
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear CaseāIs a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
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.
