Forsta AP Fonden lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 21.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 68,800 shares of the company’s stock after selling 19,100 shares during the quarter. Forsta AP Fonden’s holdings in Hilton Worldwide were worth $19,763,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in HLT. CYBER HORNET ETFs LLC lifted its position in Hilton Worldwide by 4.7% in the 4th quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock valued at $207,000 after acquiring an additional 32 shares in the last quarter. Eaton Financial Holdings Company LLC raised its stake in shares of Hilton Worldwide by 1.2% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock worth $799,000 after purchasing an additional 34 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its holdings in shares of Hilton Worldwide by 2.8% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock valued at $382,000 after purchasing an additional 36 shares in the last quarter. Quent Capital LLC lifted its holdings in shares of Hilton Worldwide by 3.8% during the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock valued at $287,000 after purchasing an additional 37 shares in the last quarter. Finally, L2 Asset Management LLC boosted its position in shares of Hilton Worldwide by 3.6% during the third quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock valued at $281,000 after buying an additional 38 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide Trading Down 2.8%
HLT opened at $328.06 on Friday. The company’s 50 day moving average is $318.31 and its 200 day moving average is $302.59. The company has a market cap of $74.68 billion, a price-to-earnings ratio of 50.08, a PEG ratio of 2.86 and a beta of 1.06. Hilton Worldwide Holdings Inc. has a 12-month low of $241.45 and a 12-month high of $344.75.
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 $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, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.16%.
Analysts Set New Price Targets
HLT has been the subject of a number of recent analyst reports. Macquarie Infrastructure boosted their target price on Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Wells Fargo & Company lifted their price target on shares of Hilton Worldwide from $373.00 to $376.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 14th. Weiss Ratings raised shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Mizuho increased their price objective on shares of Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, Sanford C. Bernstein cut their target price on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $348.55.
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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