Glenmede Trust Co. NA cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 32.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 19,635 shares of the company’s stock after selling 9,439 shares during the quarter. Glenmede Trust Co. NA’s holdings in Hilton Worldwide were worth $5,971,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Kemnay Advisory Services Inc. acquired a new position in shares of Hilton Worldwide during the fourth quarter valued at about $26,000. Wilkerson Advisory Group LLC raised its position in shares of Hilton Worldwide by 163.2% in the 1st quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock valued at $30,000 after purchasing an additional 62 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in Hilton Worldwide in the 4th quarter worth approximately $33,000. Meeder Asset Management Inc. grew its position in Hilton Worldwide by 70.1% during the 1st quarter. Meeder Asset Management Inc. now owns 114 shares of the company’s stock worth $35,000 after purchasing an additional 47 shares during the last quarter. Finally, BOCHK Asset Management Ltd purchased a new stake in Hilton Worldwide during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 2.0%
Shares of NYSE:HLT opened at $314.12 on Tuesday. 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 capitalization of $70.70 billion, a PE ratio of 46.13, a PEG ratio of 2.74 and a beta of 1.05. The business has a 50 day moving average of $334.00 and a two-hundred day moving average of $319.28.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 21st. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.81%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Bank of America increased their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a report on Monday, April 27th. BMO Capital Markets lifted their price objective on shares of Hilton Worldwide from $325.00 to $345.00 and gave the company a “market perform” rating in a research note on Thursday, April 23rd. Evercore raised shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a report on Tuesday, July 21st. 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 research note on Wednesday, April 22nd. Finally, HSBC boosted their target price on shares of Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $353.05.
Get Our Latest Stock 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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