iA Global Asset Management Inc. raised its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 54.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,233 shares of the company’s stock after purchasing an additional 13,403 shares during the quarter. iA Global Asset Management Inc.’s holdings in Hilton Worldwide were worth $11,626,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in Hilton Worldwide by 17.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,626 shares of the company’s stock worth $14,255,000 after buying an additional 7,339 shares during the last quarter. Allstate Corp lifted its stake in Hilton Worldwide by 100.2% in the fourth 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 during the last quarter. Cumberland Partners Ltd lifted its stake in Hilton Worldwide by 100.0% in the fourth quarter. Cumberland Partners Ltd now owns 15,000 shares of the company’s stock valued at $4,309,000 after acquiring an additional 7,500 shares during the last quarter. Fulton Breakefield Broenniman LLC bought a new position in shares of Hilton Worldwide in the 4th quarter valued at about $7,032,000. Finally, Holocene Advisors LP increased its stake in shares of Hilton Worldwide by 17.0% during the 3rd quarter. Holocene Advisors LP now owns 1,795,659 shares of the company’s stock worth $465,866,000 after purchasing an additional 261,097 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of HLT stock opened at $331.02 on Wednesday. Hilton Worldwide Holdings Inc. has a 52 week low of $253.54 and a 52 week high of $358.00. The company has a market capitalization of $75.36 billion, a price-to-earnings ratio of 50.54, a PEG ratio of 2.90 and a beta of 1.04. The company has a 50-day simple moving average of $331.64 and a 200 day simple moving average of $313.09.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is currently 9.16%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on HLT shares. BMO Capital Markets upped their target price on shares of Hilton Worldwide from $325.00 to $345.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. Susquehanna boosted their price target on Hilton Worldwide from $345.00 to $353.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn upped their price objective on Hilton Worldwide from $320.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Macquarie Infrastructure raised their price objective on Hilton Worldwide from $296.00 to $320.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley boosted their target price on Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. 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 has an average rating of “Moderate Buy” and an average price target of $349.45.
Read Our Latest Research Report 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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