Bleakley Financial Group LLC raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 9.5% in the first quarter, Holdings Channel reports. The fund owned 18,879 shares of the company’s stock after buying an additional 1,645 shares during the period. Bleakley Financial Group LLC’s holdings in Hilton Worldwide were worth $5,741,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Hilton Worldwide by 17.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,626 shares of the company’s stock worth $14,255,000 after acquiring an additional 7,339 shares during the period. Allstate Corp increased its position in Hilton Worldwide by 100.2% during the fourth quarter. Allstate Corp now owns 16,678 shares of the company’s stock worth $4,791,000 after purchasing an additional 8,348 shares during the last quarter. Cumberland Partners Ltd raised its stake in Hilton Worldwide by 100.0% during the fourth quarter. Cumberland Partners Ltd now owns 15,000 shares of the company’s stock worth $4,309,000 after purchasing an additional 7,500 shares during the period. Fulton Breakefield Broenniman LLC acquired a new stake in Hilton Worldwide during the fourth quarter worth $7,032,000. Finally, Swiss Life Asset Management Ltd raised its holdings in Hilton Worldwide by 14.5% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 40,433 shares of the company’s stock valued at $10,490,000 after buying an additional 5,118 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Stock Up 1.0%
NYSE:HLT opened at $325.66 on Wednesday. Hilton Worldwide Holdings Inc. has a 52 week low of $253.54 and a 52 week high of $358.00. The company has a fifty day simple moving average of $332.64 and a two-hundred day simple moving average of $316.37. The company has a market cap of $74.14 billion, a price-to-earnings ratio of 49.72, a price-to-earnings-growth ratio of 2.81 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.16%.
Analyst Upgrades and Downgrades
HLT has been the subject of a number of research analyst reports. Susquehanna increased their price objective on shares of Hilton Worldwide from $345.00 to $353.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group upped their price target on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Mizuho raised their price target on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Morgan Stanley lifted their price objective on Hilton Worldwide from $318.00 to $319.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Finally, HSBC boosted their price objective on Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $349.45.
Check Out 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.
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