Candriam S.C.A. trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 5.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,148 shares of the company’s stock after selling 4,841 shares during the period. Candriam S.C.A.’s holdings in Hilton Worldwide were worth $24,067,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kemnay Advisory Services Inc. acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at $26,000. ST Germain D J Co. Inc. acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $33,000. BOCHK Asset Management Ltd bought a new position in Hilton Worldwide during the 4th quarter worth about $43,000. MV Capital Management Inc. bought a new stake in shares of Hilton Worldwide in the fourth quarter valued at about $43,000. Finally, Elyxium Wealth LLC bought a new position in shares of Hilton Worldwide during the fourth quarter worth about $47,000. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Trading Down 0.6%
NYSE:HLT traded down $2.10 on Friday, hitting $335.55. The company had a trading volume of 938,303 shares, compared to its average volume of 2,292,808. The firm has a 50 day moving average of $332.42 and a two-hundred day moving average of $315.75. Hilton Worldwide Holdings Inc. has a 52 week low of $253.54 and a 52 week high of $358.00. The stock has a market capitalization of $76.39 billion, a price-to-earnings ratio of 51.23, a PEG ratio of 2.93 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is presently 9.16%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on HLT. Sanford C. Bernstein decreased their price objective on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Rothschild & Co Redburn raised their target price on shares of Hilton Worldwide from $320.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. HSBC lifted their price objective 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. BMO Capital Markets boosted their price target on Hilton Worldwide from $325.00 to $345.00 and gave the stock a “market perform” rating in a research report on Thursday, April 23rd. Finally, Evercore raised their price target on Hilton Worldwide from $335.00 to $350.00 in a report on Friday, April 24th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $349.45.
Check Out Our Latest Report on Hilton Worldwide
Hilton Worldwide 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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