Beck Mack & Oliver LLC decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 410,392 shares of the company’s stock after selling 6,281 shares during the quarter. Hilton Worldwide comprises about 1.9% of Beck Mack & Oliver LLC’s holdings, making the stock its 22nd largest position. Beck Mack & Oliver LLC’s holdings in Hilton Worldwide were worth $106,472,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Hilton Worldwide during the second quarter worth about $676,201,000. JPMorgan Chase & Co. grew its stake in Hilton Worldwide by 12.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after acquiring an additional 1,132,880 shares during the period. Two Sigma Investments LP grew its stake in Hilton Worldwide by 1,222.9% in the 3rd quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock worth $212,998,000 after acquiring an additional 758,930 shares during the period. Winslow Capital Management LLC lifted its stake in shares of Hilton Worldwide by 62.6% during the 2nd quarter. Winslow Capital Management LLC now owns 1,894,315 shares of the company’s stock worth $504,532,000 after purchasing an additional 729,295 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of Hilton Worldwide by 126.3% during the second quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock worth $303,173,000 after purchasing an additional 635,220 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide Trading Down 1.0%
Shares of Hilton Worldwide stock opened at $291.26 on Friday. Hilton Worldwide Holdings Inc. has a twelve month low of $196.04 and a twelve month high of $333.86. The stock has a market cap of $66.78 billion, a price-to-earnings ratio of 47.59, a price-to-earnings-growth ratio of 2.53 and a beta of 1.10. The company has a fifty day moving average price of $304.57 and a 200 day moving average price of $283.77.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given 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, February 27th. Hilton Worldwide’s dividend payout ratio is presently 9.80%.
Analyst Ratings Changes
A number of brokerages have issued reports on HLT. Rothschild & Co Redburn raised their price target on Hilton Worldwide from $255.00 to $320.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilton Worldwide in a research report on Monday, December 29th. Evercore increased their price target on shares of Hilton Worldwide from $325.00 to $335.00 in a research note on Thursday, February 12th. Barclays boosted their price objective on shares of Hilton Worldwide from $309.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, HSBC upped their price objective on Hilton Worldwide from $307.00 to $319.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $326.18.
Read Our Latest Stock Report on Hilton Worldwide
Insider Buying and Selling at Hilton Worldwide
In other news, insider Christopher J. Nassetta sold 114,289 shares of Hilton Worldwide stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $317.47, for a total transaction of $36,283,328.83. Following the sale, the insider directly owned 36,445 shares of the company’s stock, valued at approximately $11,570,194.15. The trade was a 75.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by corporate insiders.
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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