Capital International Sarl lessened its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 69.9% during the fourth quarter, HoldingsChannel reports. The firm owned 19,699 shares of the company’s stock after selling 45,662 shares during the quarter. Capital International Sarl’s holdings in Hilton Worldwide were worth $5,659,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. CYBER HORNET ETFs LLC lifted its stake in shares of Hilton Worldwide by 4.7% during the 4th quarter. CYBER HORNET ETFs LLC now owns 720 shares of the company’s stock worth $207,000 after purchasing an additional 32 shares during the period. Eaton Financial Holdings Company LLC lifted its position in Hilton Worldwide by 1.2% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 2,782 shares of the company’s stock worth $799,000 after buying an additional 34 shares during the period. Moss Adams Wealth Advisors LLC lifted its position in Hilton Worldwide by 2.8% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,330 shares of the company’s stock worth $382,000 after buying an additional 36 shares during the period. Quent Capital LLC lifted its position in Hilton Worldwide by 3.8% during the fourth quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $287,000 after buying an additional 37 shares during the period. Finally, L2 Asset Management LLC lifted its position in Hilton Worldwide by 3.6% during the third quarter. L2 Asset Management LLC now owns 1,084 shares of the company’s stock worth $281,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.2%
Shares of HLT opened at $343.74 on Monday. The firm has a market cap of $78.25 billion, a PE ratio of 52.48, a price-to-earnings-growth ratio of 2.99 and a beta of 1.05. The company’s fifty day moving average is $322.05 and its two-hundred day moving average is $305.09. Hilton Worldwide Holdings Inc. has a fifty-two week low of $241.45 and a fifty-two week high of $346.85.
Hilton Worldwide Announces Dividend
The firm 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 dividend of $0.15 per share. 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 payout ratio is presently 9.16%.
Analyst Upgrades and Downgrades
HLT has been the topic of several recent analyst reports. Barclays increased their target price on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Bank of America increased their target price on Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. Wells Fargo & Company lifted their price target on shares of Hilton Worldwide from $373.00 to $376.00 and gave the company an “overweight” rating in a report on Tuesday, April 14th. Mizuho lifted their price target on shares of Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, Sanford C. Bernstein decreased their price target on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $348.55.
Check Out Our Latest Stock Analysis on HLT
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.
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