Louisiana State Employees Retirement System bought a new position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 1st quarter, Holdings Channel.com reports. The firm bought 11,700 shares of the company’s stock, valued at approximately $3,558,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 31,364 shares in the last quarter. Franklin Resources Inc. raised its stake 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 buying an additional 284,352 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Hilton Worldwide by 10.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock valued at $1,462,778,000 after buying an additional 475,896 shares during the period. Morgan Stanley boosted its stake in shares of Hilton Worldwide by 2.0% in the fourth quarter. Morgan Stanley now owns 2,823,631 shares of the company’s stock valued at $811,089,000 after buying an additional 55,228 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at approximately $803,047,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Trading Down 2.0%
Shares of NYSE HLT opened at $333.60 on Friday. The company’s 50-day moving average price is $331.80 and its 200 day moving average price is $311.92. Hilton Worldwide Holdings Inc. has a 52 week low of $253.54 and a 52 week high of $358.00. The stock has a market cap of $75.94 billion, a price-to-earnings ratio of 50.93, a PEG ratio of 2.90 and a beta of 1.04.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.16%.
Analyst Ratings Changes
HLT has been the subject of a number of recent analyst reports. UBS Group raised their target price 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 shares of Hilton Worldwide from $318.00 to $319.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. TD Cowen raised their price objective on shares of Hilton Worldwide from $350.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Bank of America upped their target price on shares of Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. Finally, Susquehanna increased their target price on shares of Hilton Worldwide from $345.00 to $353.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $349.45.
View Our Latest 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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