Legal & General Group Plc decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 2.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,284,427 shares of the company’s stock after selling 33,696 shares during the period. Legal & General Group Plc’s holdings in Hilton Worldwide were worth $368,952,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of HLT. Caitlin John LLC acquired a new position in Hilton Worldwide during the 3rd quarter worth about $32,000. ST Germain D J Co. Inc. acquired a new stake in Hilton Worldwide in the 4th quarter valued at about $33,000. Ameritas Advisory Services LLC raised its position in Hilton Worldwide by 110.6% in the 3rd quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock valued at $36,000 after purchasing an additional 73 shares in the last quarter. BOCHK Asset Management Ltd acquired a new stake in Hilton Worldwide in the 4th quarter valued at about $43,000. Finally, Elyxium Wealth LLC acquired a new stake in Hilton Worldwide in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of NYSE HLT opened at $324.25 on Wednesday. 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 market capitalization of $73.81 billion, a PE ratio of 49.50, a price-to-earnings-growth ratio of 2.80 and a beta of 1.06. The stock’s 50-day simple moving average is $316.11 and its 200-day simple moving average is $301.46.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Wall Street Analyst Weigh In
HLT has been the topic of a number of analyst reports. Sanford C. Bernstein reduced their price target on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Susquehanna increased their price target on Hilton Worldwide from $345.00 to $353.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings raised Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Raymond James Financial increased their price target on Hilton Worldwide from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Finally, BMO Capital Markets increased their price target on Hilton Worldwide from $325.00 to $345.00 and gave the company a “market perform” rating in a research report on Thursday, April 23rd. 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, Hilton Worldwide has an average rating of “Moderate Buy” and an average price target of $348.55.
View Our Latest Research 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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