Capital Research Global Investors cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,298,858 shares of the company’s stock after selling 153,765 shares during the period. Capital Research Global Investors’ holdings in Hilton Worldwide were worth $660,372,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in HLT. Caitlin John LLC acquired a new stake in shares of Hilton Worldwide during the third quarter worth $32,000. ST Germain D J Co. Inc. acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $33,000. Ameritas Advisory Services LLC grew its stake in shares of Hilton Worldwide by 110.6% during the third quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock worth $36,000 after purchasing an additional 73 shares during the period. BOCHK Asset Management Ltd acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $43,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $47,000. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
HLT opened at $343.74 on Monday. Hilton Worldwide Holdings Inc. has a 52-week low of $241.45 and a 52-week high of $346.85. The firm has a market capitalization of $78.25 billion, a PE ratio of 52.48, a PEG ratio of 2.99 and a beta of 1.05. The business’s 50-day simple moving average is $322.05 and its 200 day simple moving average is $305.09.
Hilton Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors 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 yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is presently 9.16%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. BMO Capital Markets boosted their price target on Hilton Worldwide from $325.00 to $345.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. Barclays boosted their price target on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Hilton Worldwide from $299.00 to $332.00 and gave the company a “hold” rating in a report on Thursday, February 12th. UBS Group boosted their price target on Hilton Worldwide from $360.00 to $371.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Sanford C. Bernstein cut their price target on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $348.55.
Read Our Latest Report 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.
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