M&G PLC bought a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 42,760 shares of the company’s stock, valued at approximately $11,075,000.
A number of other institutional investors have also recently made changes to their positions in HLT. Clearstead Trust LLC bought a new position in shares of Hilton Worldwide during the second quarter worth about $30,000. Sagard Holdings Management Inc. bought a new stake in Hilton Worldwide in the second quarter valued at approximately $30,000. Bank of Jackson Hole Trust increased its position in Hilton Worldwide by 132.7% during the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after purchasing an additional 73 shares during the period. Atlantic Edge Private Wealth Management LLC raised its holdings in Hilton Worldwide by 52.9% during the 3rd quarter. Atlantic Edge Private Wealth Management LLC now owns 130 shares of the company’s stock worth $34,000 after purchasing an additional 45 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Hilton Worldwide by 59.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock worth $37,000 after purchasing an additional 52 shares during the period. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
HLT stock opened at $314.62 on Tuesday. The company’s 50-day moving average is $297.03 and its 200-day moving average is $278.61. The stock has a market capitalization of $72.14 billion, a PE ratio of 51.41, a price-to-earnings-growth ratio of 2.68 and a beta of 1.13. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $333.86.
Hilton Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.80%.
Analysts Set New Price Targets
Several research firms have recently weighed in on HLT. Argus increased their price objective on shares of Hilton Worldwide from $350.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Evercore ISI upped their price target on shares of Hilton Worldwide from $325.00 to $335.00 in a research report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Hilton Worldwide in a research report on Monday, December 29th. BMO Capital Markets boosted their price objective on Hilton Worldwide from $275.00 to $320.00 and gave the company a “market perform” rating in a research note on Friday, January 9th. Finally, Sanford C. Bernstein raised their target price on Hilton Worldwide from $285.00 to $304.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.18.
Check Out Our Latest Report on HLT
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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