Swiss National Bank grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 5.8% during the first quarter, Holdings Channel reports. The firm owned 682,119 shares of the company’s stock after purchasing an additional 37,600 shares during the period. Swiss National Bank’s holdings in Hilton Worldwide were worth $207,419,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hilton Worldwide by 17.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,626 shares of the company’s stock valued at $14,255,000 after purchasing an additional 7,339 shares in the last quarter. Allstate Corp grew its position in 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. Cumberland Partners Ltd increased its stake in Hilton Worldwide by 100.0% in the 4th quarter. Cumberland Partners Ltd now owns 15,000 shares of the company’s stock valued at $4,309,000 after buying an additional 7,500 shares during the last quarter. Fulton Breakefield Broenniman LLC purchased a new stake in Hilton Worldwide in the 4th quarter valued at about $7,032,000. Finally, Applied Finance Capital Management LLC lifted its position in shares of Hilton Worldwide by 96.7% during the 4th quarter. Applied Finance Capital Management LLC now owns 10,282 shares of the company’s stock worth $2,954,000 after buying an additional 5,055 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 0.3%
HLT opened at $322.23 on Monday. Hilton Worldwide Holdings Inc. has a 12 month low of $253.54 and a 12 month high of $358.00. The company has a market cap of $73.36 billion, a PE ratio of 49.20, a price-to-earnings-growth ratio of 2.80 and a beta of 1.05. The company has a 50 day moving average of $332.95 and a 200 day moving average of $317.03.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, May 22nd. Hilton Worldwide’s payout ratio is presently 9.16%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on HLT. Macquarie Infrastructure upped their target price on Hilton Worldwide from $296.00 to $320.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Sanford C. Bernstein dropped their price target on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. Evercore boosted their price objective on Hilton Worldwide from $335.00 to $350.00 in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their target price on Hilton Worldwide from $350.00 to $363.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, TD Cowen lifted their target price on Hilton Worldwide from $350.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Fourteen investment 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.com, Hilton Worldwide currently has an average rating of “Moderate Buy” and an average price target of $350.18.
Get Our Latest Report on Hilton Worldwide
Hilton Worldwide Company 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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