New Age Alpha Advisors LLC lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 17.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,940 shares of the company’s stock after selling 2,245 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Hilton Worldwide were worth $3,143,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Hilton Worldwide by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 25,463,196 shares of the company’s stock worth $6,606,172,000 after buying an additional 151,984 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 1,132,880 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Hilton Worldwide by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after buying an additional 567,651 shares in the last quarter. Northern Trust Corp lifted its holdings in Hilton Worldwide by 1.0% in the 3rd quarter. Northern Trust Corp now owns 2,385,868 shares of the company’s stock worth $618,990,000 after buying an additional 23,077 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Hilton Worldwide by 1.0% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,016,751 shares of the company’s stock worth $523,226,000 after buying an additional 20,702 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.1%
Shares of NYSE:HLT opened at $321.34 on Tuesday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $241.45 and a fifty-two week high of $344.75. The firm has a 50-day simple moving average of $315.45 and a 200 day simple moving average of $301.04. The company has a market cap of $73.15 billion, a PE ratio of 49.06, a P/E/G ratio of 2.80 and a beta of 1.06.
Hilton Worldwide Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be given a $0.15 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is 9.16%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Macquarie Infrastructure boosted their price objective on shares of Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Sanford C. Bernstein cut their target price on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. HSBC upped their target price on shares of Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Evercore upped their target price on shares of Hilton Worldwide from $335.00 to $350.00 in a research note on Friday, April 24th. Finally, Bank of America upped their target price on shares of Hilton Worldwide from $324.00 to $375.00 in a research note on Monday, April 27th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average price target of $348.55.
View Our Latest Stock Report on HLT
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.
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