Capital Group Private Client Services Inc. cut its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 84.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,100 shares of the company’s stock after selling 239,067 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Hilton Worldwide were worth $11,182,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can grew its position in Hilton Worldwide by 12.3% during the third quarter. Bank of Montreal Can now owns 192,490 shares of the company’s stock valued at $49,940,000 after acquiring an additional 21,060 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Hilton Worldwide by 1.3% in the 3rd quarter. Legal & General Group Plc now owns 1,318,123 shares of the company’s stock valued at $341,974,000 after purchasing an additional 16,961 shares in the last quarter. Fieldview Capital Management LLC bought a new position in shares of Hilton Worldwide during the 3rd quarter valued at $619,000. Russell Investments Group Ltd. raised its position in Hilton Worldwide by 13.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 215,678 shares of the company’s stock worth $56,049,000 after purchasing an additional 25,067 shares during the period. Finally, Schroder Investment Management Group lifted its stake in Hilton Worldwide by 1.9% in the third quarter. Schroder Investment Management Group now owns 180,939 shares of the company’s stock worth $46,943,000 after purchasing an additional 3,313 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of HLT stock opened at $303.96 on Tuesday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $196.04 and a fifty-two week high of $333.86. The firm has a market cap of $69.70 billion, a P/E ratio of 49.67, a P/E/G ratio of 2.61 and a beta of 1.10. The business’s 50 day moving average price is $304.11 and its 200-day moving average price is $283.28.
Hilton Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, February 27th. Hilton Worldwide’s dividend payout ratio is presently 9.80%.
Insider Buying and Selling
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 114,289 shares of Hilton Worldwide stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $317.47, for a total transaction of $36,283,328.83. Following the sale, the insider directly owned 36,445 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 2.60% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
HLT has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilton Worldwide in a research note on Monday, December 29th. HSBC increased their target price on Hilton Worldwide from $307.00 to $319.00 and gave the company a “buy” rating in a report on Friday, January 23rd. The Goldman Sachs Group boosted their price objective on Hilton Worldwide from $317.00 to $330.00 in a research report on Tuesday, February 3rd. Macquarie Infrastructure increased their price objective on Hilton Worldwide from $267.00 to $280.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, TD Cowen lifted their target price on shares of Hilton Worldwide from $297.00 to $330.00 in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Hilton Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $326.32.
View Our Latest Analysis 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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