Caldwell Trust Co boosted its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 5,145.3% in the first quarter, Holdings Channel.com reports. The firm owned 3,357 shares of the company’s stock after purchasing an additional 3,293 shares during the quarter. Caldwell Trust Co’s holdings in Hilton Worldwide were worth $1,021,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of HLT. Kemnay Advisory Services Inc. acquired a new stake in shares of Hilton Worldwide during the fourth quarter valued at about $26,000. ST Germain D J Co. Inc. acquired a new position in shares of Hilton Worldwide in the fourth quarter valued at approximately $33,000. Caitlin John LLC bought a new position in Hilton Worldwide in the 3rd quarter valued at approximately $32,000. BOCHK Asset Management Ltd bought a new position in Hilton Worldwide in the 4th quarter valued at approximately $43,000. Finally, MV Capital Management Inc. bought a new stake in Hilton Worldwide during the 4th quarter worth approximately $43,000. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Stock Performance
Hilton Worldwide stock opened at $333.60 on Monday. The firm has a market cap of $75.94 billion, a price-to-earnings ratio of 50.93, a PEG ratio of 2.90 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 firm has a 50 day moving average price of $331.80 and a two-hundred day moving average price of $312.21.
Hilton Worldwide Dividend Announcement
The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.16%.
Analysts Set New Price Targets
HLT has been the subject of several recent research reports. Evercore upped their price target on shares of Hilton Worldwide from $335.00 to $350.00 in a research report on Friday, April 24th. Weiss Ratings raised shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Wells Fargo & Company increased their price objective on Hilton Worldwide from $373.00 to $376.00 and gave the company an “overweight” rating in a report on Tuesday, April 14th. UBS Group raised their target price on Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group lifted their target price on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $349.45.
Get Our Latest Stock Analysis 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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