Leonteq Securities AG acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,135 shares of the company’s stock, valued at approximately $613,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ABN Amro Investment Solutions raised its stake in shares of Hilton Worldwide by 7.2% during the 4th quarter. ABN Amro Investment Solutions now owns 24,129 shares of the company’s stock worth $6,931,000 after purchasing an additional 1,613 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Hilton Worldwide by 12.1% during the 4th quarter. IFP Advisors Inc now owns 1,404 shares of the company’s stock worth $403,000 after purchasing an additional 151 shares in the last quarter. Partners Group Holding AG bought a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $803,000. PNC Financial Services Group Inc. raised its stake in shares of Hilton Worldwide by 2.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 64,656 shares of the company’s stock worth $18,573,000 after purchasing an additional 1,337 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Hilton Worldwide by 0.5% during the 4th quarter. Larson Financial Group LLC now owns 14,872 shares of the company’s stock worth $4,272,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 0.4%
HLT stock opened at $321.34 on Friday. The firm has a market capitalization of $73.15 billion, a PE ratio of 49.06, a PEG ratio of 2.81 and a beta of 1.06. Hilton Worldwide Holdings Inc. has a 1-year low of $241.45 and a 1-year high of $344.75. The business’s 50 day simple moving average is $314.91 and its 200 day simple moving average is $300.30.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is currently 9.16%.
Wall Street Analyst Weigh In
HLT has been the topic of a number of analyst reports. TD Cowen upped their price objective on Hilton Worldwide from $350.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group reissued a “buy” rating and set a $339.00 target price on shares of Hilton Worldwide in a report on Wednesday, February 11th. JPMorgan Chase & Co. boosted their target price on Hilton Worldwide from $350.00 to $363.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Barclays boosted their target price on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group boosted their target price on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $348.55.
Get Our Latest Stock 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.
Read More
- Five stocks we like better than Hilton Worldwide
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
