Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 491,309 shares of the company’s stock after buying an additional 22,249 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of Hilton Worldwide worth $143,944,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Hilton Worldwide by 10.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,287 shares of the company’s stock worth $10,971,000 after purchasing an additional 4,155 shares in the last quarter. Candriam S.C.A. grew its stake in Hilton Worldwide by 11.2% in the third quarter. Candriam S.C.A. now owns 73,823 shares of the company’s stock worth $19,153,000 after purchasing an additional 7,441 shares in the last quarter. National Pension Service grew its stake in Hilton Worldwide by 1.6% in the third quarter. National Pension Service now owns 623,180 shares of the company’s stock worth $161,678,000 after purchasing an additional 9,954 shares in the last quarter. Partners Capital Investment Group LLP bought a new position in Hilton Worldwide in the third quarter worth approximately $4,684,000. Finally, Fulton Breakefield Broenniman LLC bought a new position in Hilton Worldwide in the fourth quarter worth approximately $7,032,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 2.7%
Shares of NYSE:HLT opened at $321.31 on Thursday. Hilton Worldwide Holdings Inc. has a 12-month low of $237.57 and a 12-month high of $344.75. The business’s fifty day simple moving average is $312.19 and its 200-day simple moving average is $296.00. The company has a market capitalization of $73.15 billion, a PE ratio of 49.06, a P/E/G ratio of 2.73 and a beta of 1.06.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.16%.
Wall Street Analysts Forecast Growth
HLT has been the topic of several research analyst reports. Truist Financial increased their price objective on Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Susquehanna increased their price objective on Hilton Worldwide from $345.00 to $353.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Evercore lifted their price target on Hilton Worldwide from $335.00 to $350.00 in a report on Friday, April 24th. Robert W. Baird lifted their price target on Hilton Worldwide from $285.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, Rothschild & Co Redburn lifted their price target on Hilton Worldwide from $320.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $348.59.
Insider Buying and Selling at Hilton Worldwide
In other news, insider Christopher J. Nassetta sold 114,289 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $317.47, for a total value of $36,283,328.83. Following the completion of the sale, the insider owned 36,445 shares of the company’s stock, valued at $11,570,194.15. This trade represents a 75.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by insiders.
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.
Further Reading
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