Principal Financial Group Inc. lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 29.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,603,112 shares of the company’s stock after selling 2,768,594 shares during the period. Hilton Worldwide accounts for approximately 1.1% of Principal Financial Group Inc.’s portfolio, making the stock its 11th biggest position. Principal Financial Group Inc.’s holdings in Hilton Worldwide were worth $2,007,892,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in shares of Hilton Worldwide by 25.6% during the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock worth $520,000 after buying an additional 465 shares during the last quarter. Empowered Funds LLC lifted its holdings in Hilton Worldwide by 37.4% in the first quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock valued at $1,396,000 after acquiring an additional 1,669 shares during the last quarter. Woodline Partners LP grew its position in Hilton Worldwide by 38.8% in the first quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock worth $4,625,000 after acquiring an additional 5,687 shares during the period. Intech Investment Management LLC increased its stake in Hilton Worldwide by 112.4% during the first quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock worth $1,247,000 after acquiring an additional 2,899 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Hilton Worldwide by 182.2% in the first quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock valued at $76,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of NYSE:HLT opened at $322.73 on Tuesday. Hilton Worldwide Holdings Inc. has a 12 month low of $253.54 and a 12 month high of $358.00. The firm has a market capitalization of $73.47 billion, a P/E ratio of 49.27, a P/E/G ratio of 2.93 and a beta of 1.05. The company’s fifty day moving average price is $332.38 and its 200 day moving average price is $316.14.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Wall Street Analyst Weigh In
HLT has been the subject of a number of research analyst reports. Sanford C. Bernstein lowered their price target on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Barclays upped their price objective on shares of Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. UBS Group lifted their target price on shares of Hilton Worldwide from $360.00 to $371.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Susquehanna raised their price target on Hilton Worldwide from $345.00 to $353.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, BMO Capital Markets boosted their price objective on Hilton Worldwide from $325.00 to $345.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $349.45.
View Our Latest Research 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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