Geode Capital Management LLC increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 0.5% in the fourth quarter, Holdings Channel reports. The firm owned 6,448,978 shares of the company’s stock after buying an additional 31,364 shares during the quarter. Geode Capital Management LLC’s holdings in Hilton Worldwide were worth $1,852,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently bought and sold shares of the business. King Luther Capital Management Corp boosted its stake in Hilton Worldwide by 46.3% during the 4th quarter. King Luther Capital Management Corp now owns 1,153 shares of the company’s stock worth $331,000 after purchasing an additional 365 shares during the period. Employees Retirement System of Texas boosted its stake in Hilton Worldwide by 389.5% during the 4th quarter. Employees Retirement System of Texas now owns 12,316 shares of the company’s stock worth $3,538,000 after purchasing an additional 9,800 shares during the period. Flputnam Investment Management Co. acquired a new stake in Hilton Worldwide during the 4th quarter worth $222,000. Integrity Alliance LLC. boosted its stake in Hilton Worldwide by 10.2% during the 4th quarter. Integrity Alliance LLC. now owns 1,166 shares of the company’s stock worth $335,000 after purchasing an additional 108 shares during the period. Finally, Bleakley Financial Group LLC boosted its stake in Hilton Worldwide by 7.9% during the 4th quarter. Bleakley Financial Group LLC now owns 17,234 shares of the company’s stock worth $4,950,000 after purchasing an additional 1,268 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.1%
Shares of NYSE HLT opened at $337.16 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $241.45 and a 52 week high of $344.75. The firm has a 50-day moving average price of $317.64 and a 200 day moving average price of $302.41. The stock has a market capitalization of $76.75 billion, a price-to-earnings ratio of 51.47, a price-to-earnings-growth ratio of 2.93 and a beta of 1.06.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a $0.15 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on HLT shares. Wells Fargo & Company increased 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. Argus increased their price target on shares of Hilton Worldwide from $350.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Rothschild & Co Redburn increased their price target on shares of Hilton Worldwide from $320.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Evercore increased their price target on shares of Hilton Worldwide from $335.00 to $350.00 in a research note on Friday, April 24th. Finally, UBS Group increased their price target on shares of Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $348.55.
Read Our Latest Research Report on HLT
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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