Lido Advisors LLC raised its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 39.3% in the fourth quarter, HoldingsChannel reports. The firm owned 9,237 shares of the company’s stock after acquiring an additional 2,608 shares during the period. Lido Advisors LLC’s holdings in Hilton Worldwide were worth $2,482,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Hilton Worldwide by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 25,463,196 shares of the company’s stock valued at $6,606,172,000 after purchasing an additional 151,984 shares during the period. JPMorgan Chase & Co. boosted its stake in Hilton Worldwide by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock valued at $2,620,531,000 after purchasing an additional 1,132,880 shares during the period. Geode Capital Management LLC boosted its stake in Hilton Worldwide by 0.5% during 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 during the period. Franklin Resources Inc. boosted its stake in Hilton Worldwide by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock valued at $1,559,316,000 after purchasing an additional 567,651 shares during the period. Finally, Norges Bank acquired a new position in Hilton Worldwide during the 4th quarter valued at about $803,047,000. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Price Performance
NYSE HLT opened at $343.74 on Monday. The company’s 50 day simple moving average is $322.05 and its 200 day simple moving average is $305.09. Hilton Worldwide Holdings Inc. has a 12 month low of $241.45 and a 12 month high of $346.85. The company has a market capitalization of $78.25 billion, a P/E ratio of 52.48, a PEG ratio of 2.99 and a beta of 1.04.
Hilton Worldwide Dividend Announcement
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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s payout ratio is presently 9.16%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on HLT. Sanford C. Bernstein reduced their target price on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a research note on Friday, May 15th. Macquarie Infrastructure boosted their target price on shares of Hilton Worldwide from $296.00 to $320.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Raymond James Financial boosted their price target on shares of Hilton Worldwide from $300.00 to $355.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. UBS Group boosted their price target on shares of Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company boosted their price target on shares of Hilton Worldwide from $373.00 to $376.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 14th. Fourteen research 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 has an average rating of “Moderate Buy” and a consensus price target of $348.55.
Read Our Latest Research Report on HLT
Hilton Worldwide 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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