LGT Fund Management Co Ltd. grew its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 42.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,640 shares of the company’s stock after acquiring an additional 1,969 shares during the period. LGT Fund Management Co Ltd.’s holdings in Hilton Worldwide were worth $2,019,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Hilton Worldwide by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock worth $1,852,650,000 after purchasing an additional 31,364 shares during the period. Franklin Resources Inc. boosted its stake in Hilton Worldwide by 4.7% in the 4th quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock valued at $1,808,143,000 after purchasing an additional 284,352 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Hilton Worldwide by 10.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock valued at $1,462,778,000 after buying an additional 475,896 shares in the last quarter. Morgan Stanley grew its holdings in Hilton Worldwide by 2.0% in the 4th quarter. Morgan Stanley now owns 2,823,631 shares of the company’s stock valued at $811,089,000 after buying an additional 55,228 shares in the last quarter. Finally, Norges Bank bought a new position in Hilton Worldwide during the 4th quarter worth $803,047,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.0%
HLT stock opened at $335.55 on Monday. The company has a market cap of $76.39 billion, a PE ratio of 51.23, a price-to-earnings-growth ratio of 2.93 and a beta of 1.05. The business has a 50-day simple moving average of $332.42 and a 200 day simple moving average of $315.92. Hilton Worldwide Holdings Inc. has a 52 week low of $253.54 and a 52 week high of $358.00.
Hilton Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were given a dividend of $0.15 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.16%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on HLT shares. 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 report on Wednesday, April 29th. Bank of America raised their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. Morgan Stanley lifted their price objective on shares of Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Evercore increased their target price on shares of Hilton Worldwide from $335.00 to $350.00 in a research report on Friday, April 24th. Finally, Susquehanna raised their target price on shares of Hilton Worldwide from $345.00 to $353.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $349.45.
Get Our Latest Stock Analysis on HLT
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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