Deutsche Bank AG acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 825,701 shares of the company’s stock, valued at approximately $272,861,000.
Several other large investors have also added to or reduced their stakes in HLT. Geode Capital Management LLC grew its holdings in shares of Hilton Worldwide by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock valued at $1,852,650,000 after acquiring an additional 31,364 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Hilton Worldwide by 4.7% during the 4th quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock worth $1,808,143,000 after acquiring an additional 284,352 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Hilton Worldwide by 0.7% during the 1st quarter. Bank of America Corp DE now owns 5,946,576 shares of the company’s stock worth $1,808,235,000 after buying an additional 40,343 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Hilton Worldwide by 10.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock worth $1,462,778,000 after acquiring an additional 475,896 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Hilton Worldwide by 2.0% during the fourth quarter. Morgan Stanley now owns 2,823,631 shares of the company’s stock worth $811,089,000 after purchasing an additional 55,228 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.6%
Shares of Hilton Worldwide stock opened at $328.24 on Wednesday. The company has a market capitalization of $73.88 billion, a price-to-earnings ratio of 48.20, a PEG ratio of 2.78 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a 12-month low of $253.54 and a 12-month high of $358.00. The firm’s 50-day moving average price is $330.76 and its two-hundred day moving average price is $321.08.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, August 21st will be given 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, August 21st. Hilton Worldwide’s payout ratio is currently 8.81%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on HLT. Weiss Ratings downgraded Hilton Worldwide from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. China Intl Cap raised Hilton Worldwide to a “strong-buy” rating in a report on Wednesday, August 12th. Robert W. Baird boosted their target price on shares of Hilton Worldwide from $359.00 to $360.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Bank of America upped their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 price target for the company in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $353.82.
View Our Latest Report on Hilton Worldwide
Hilton Worldwide Company 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.
Recommended Stories
- Five stocks we like better than Hilton Worldwide
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
