SEB Asset Management AB bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 148,254 shares of the company’s stock, valued at approximately $45,081,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. bought a new position in shares of Hilton Worldwide during the 4th quarter worth approximately $26,000. ST Germain D J Co. Inc. bought a new stake in shares of Hilton Worldwide in the 4th quarter valued at $33,000. BOCHK Asset Management Ltd acquired a new position in shares of Hilton Worldwide during the 4th quarter valued at $43,000. MV Capital Management Inc. bought a new position in Hilton Worldwide during the fourth quarter worth $43,000. Finally, Avalon Trust Co acquired a new stake in Hilton Worldwide in the first quarter worth $45,000. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
HLT stock opened at $322.23 on Friday. The company has a market capitalization of $73.36 billion, a P/E ratio of 49.20, a price-to-earnings-growth ratio of 2.80 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00. The business has a 50-day simple moving average of $332.95 and a two-hundred day simple moving average of $316.86.
Hilton Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is presently 9.16%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on HLT. Morgan Stanley upped their price objective on shares of Hilton Worldwide from $319.00 to $332.00 and gave the company an “overweight” rating in a report on Friday. Evercore upped their price target on Hilton Worldwide from $335.00 to $350.00 in a research note on Friday, April 24th. HSBC raised their price objective on Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Mizuho increased their target price on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Finally, Sanford C. Bernstein reduced their price target on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $350.18.
Check Out Our Latest Stock Analysis 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.
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