Bokf Na lowered its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 43.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,970 shares of the company’s stock after selling 2,320 shares during the period. Bokf Na’s holdings in Hilton Worldwide were worth $853,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of HLT. Caitlin John LLC bought a new position in shares of Hilton Worldwide in the third quarter valued at $32,000. ST Germain D J Co. Inc. bought a new position in shares of Hilton Worldwide in the fourth quarter valued at $33,000. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Hilton Worldwide by 52.9% in the third quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock valued at $34,000 after buying an additional 45 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Hilton Worldwide by 110.6% in the third quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock valued at $36,000 after buying an additional 73 shares in the last quarter. Finally, BOCHK Asset Management Ltd bought a new position in shares of Hilton Worldwide in the fourth quarter valued at $43,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Down 1.2%
Shares of NYSE:HLT opened at $316.54 on Friday. The company’s fifty day moving average is $312.34 and its two-hundred day moving average is $296.43. Hilton Worldwide Holdings Inc. has a 12-month low of $240.76 and a 12-month high of $344.75. The company has a market cap of $72.06 billion, a P/E ratio of 48.33, a price-to-earnings-growth ratio of 2.76 and a beta of 1.06.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s payout ratio is currently 9.16%.
Insider Activity at Hilton Worldwide
In other news, insider Christopher J. Nassetta sold 114,289 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $317.47, for a total transaction of $36,283,328.83. Following the transaction, the insider directly owned 36,445 shares in the company, valued at $11,570,194.15. The trade was a 75.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
HLT has been the topic of several research reports. Morgan Stanley upped their price target on Hilton Worldwide from $303.00 to $318.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Barclays boosted their target price on shares of Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Raymond James Financial boosted their target price on shares of Hilton Worldwide from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hilton Worldwide from $299.00 to $332.00 and gave the company a “hold” rating in a research note on Thursday, February 12th. Finally, Macquarie Infrastructure boosted their target price on shares of Hilton Worldwide from $296.00 to $320.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned 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 $348.59.
Read Our Latest 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.
Featured Articles
- Five stocks we like better than Hilton Worldwide
- Buffett Spent 60 Years Ignoring Tech and the Bill Is Coming Due
- Excited About Gold But Unsure of Its Trajectory? Try These 3 Approaches
- Dollar at a 3-Year Low: 3 Exporters Quietly Printing Money
- Water Infrastructure: Why This Boring Sector Could Get Exciting
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
