Cbre Investment Management Listed Real Assets LLC trimmed its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 23.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,191 shares of the company’s stock after selling 17,102 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Hilton Worldwide were worth $14,319,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Hilton Worldwide by 10.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,287 shares of the company’s stock worth $10,971,000 after purchasing an additional 4,155 shares in the last quarter. Railway Pension Investments Ltd raised its stake in shares of Hilton Worldwide by 15.0% during the third quarter. Railway Pension Investments Ltd now owns 38,400 shares of the company’s stock valued at $9,962,000 after purchasing an additional 5,000 shares in the last quarter. Candriam S.C.A. lifted its holdings in Hilton Worldwide by 11.2% in the third quarter. Candriam S.C.A. now owns 73,823 shares of the company’s stock worth $19,153,000 after purchasing an additional 7,441 shares during the period. National Pension Service grew its position in Hilton Worldwide by 1.6% in the 3rd quarter. National Pension Service now owns 623,180 shares of the company’s stock valued at $161,678,000 after buying an additional 9,954 shares in the last quarter. Finally, Partners Capital Investment Group LLP acquired a new position in Hilton Worldwide during the 3rd quarter valued at about $4,684,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Hilton Worldwide stock opened at $296.65 on Thursday. Hilton Worldwide Holdings Inc. has a 52 week low of $196.04 and a 52 week high of $333.86. The firm has a market capitalization of $68.02 billion, a price-to-earnings ratio of 48.47, a P/E/G ratio of 2.59 and a beta of 1.10. The company has a 50 day moving average price of $304.46 and a 200 day moving average price of $283.52.
Hilton Worldwide Announces Dividend
The firm also recently disclosed 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 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, February 27th. Hilton Worldwide’s dividend payout ratio is currently 9.80%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on HLT. Macquarie Infrastructure upped their price target on shares of Hilton Worldwide from $267.00 to $280.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Mizuho boosted their target price on Hilton Worldwide from $266.00 to $321.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Raymond James Financial upped their target price on Hilton Worldwide from $300.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $339.00 price target on shares of Hilton Worldwide in a research note on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Hilton Worldwide in a research report on Monday, December 29th. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $326.18.
Check Out Our Latest Research Report on Hilton Worldwide
Insider Buying and Selling
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 114,289 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 36,445 shares in the company, valued at approximately $11,570,194.15. This trade represents a 75.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.60% of the company’s stock.
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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