Northwestern Mutual Wealth Management Co. raised its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 191,571 shares of the company’s stock after acquiring an additional 3,731 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.08% of Hilton Worldwide worth $55,029,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLT. Caitlin John LLC acquired a new stake in shares of Hilton Worldwide during the third quarter worth $32,000. ST Germain D J Co. Inc. acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $33,000. Ameritas Advisory Services LLC increased its position in shares of Hilton Worldwide by 110.6% during the third quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock worth $36,000 after buying an additional 73 shares during the period. BOCHK Asset Management Ltd acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $43,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth $47,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Price Performance
HLT opened at $328.06 on Friday. 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 $74.68 billion, a PE ratio of 50.08, a P/E/G ratio of 2.86 and a beta of 1.06. The company’s 50-day moving average is $318.31 and its 200 day moving average is $302.59.
Hilton Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis 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 presently 9.16%.
Analysts Set New Price Targets
HLT has been the subject of several recent analyst reports. Barclays increased their price objective on shares of Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Rothschild & Co Redburn increased their price objective on shares of Hilton Worldwide from $320.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Morgan Stanley increased their price objective on shares of Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. increased their price objective on shares of Hilton Worldwide from $350.00 to $363.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, BMO Capital Markets increased their price objective on shares of Hilton Worldwide from $325.00 to $345.00 and gave the stock a “market perform” rating in a research report on Thursday, April 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $348.55.
Hilton Worldwide Company 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.
Further Reading
- Five stocks we like better than Hilton Worldwide
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
