J. Safra Sarasin Holding AG lessened its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 45.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 50,180 shares of the company’s stock after selling 42,162 shares during the period. J. Safra Sarasin Holding AG’s holdings in Hilton Worldwide were worth $15,224,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in HLT. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hilton Worldwide by 17.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,626 shares of the company’s stock worth $14,255,000 after acquiring an additional 7,339 shares during the period. Allstate Corp boosted its position in shares of Hilton Worldwide by 100.2% during the 4th quarter. Allstate Corp now owns 16,678 shares of the company’s stock valued at $4,791,000 after acquiring an additional 8,348 shares in the last quarter. Cumberland Partners Ltd boosted its holdings in Hilton Worldwide by 100.0% during the fourth quarter. Cumberland Partners Ltd now owns 15,000 shares of the company’s stock valued at $4,309,000 after purchasing an additional 7,500 shares in the last quarter. Holocene Advisors LP raised its stake in Hilton Worldwide by 17.0% during the third quarter. Holocene Advisors LP now owns 1,795,659 shares of the company’s stock worth $465,866,000 after acquiring an additional 261,097 shares in the last quarter. Finally, Fulton Breakefield Broenniman LLC acquired a new stake in shares of Hilton Worldwide in the 4th quarter valued at $7,032,000. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Price Performance
NYSE:HLT opened at $335.55 on Monday. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $358.00. The company has a market cap of $76.39 billion, a PE ratio of 51.23, a P/E/G ratio of 2.93 and a beta of 1.05. The firm’s 50 day simple moving average is $332.42 and its 200 day simple moving average is $315.92.
Hilton Worldwide Announces Dividend
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 of this dividend was Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s payout ratio is presently 9.16%.
Analysts Set New Price Targets
HLT has been the topic of a number of research analyst reports. Sanford C. Bernstein decreased their price target on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. 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. Morgan Stanley increased their price target on Hilton Worldwide from $318.00 to $319.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group upped their price target on shares of Hilton Worldwide from $354.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $349.45.
View Our Latest Stock Analysis 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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