Cbre Investment Management Listed Real Assets LLC reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 33.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,958 shares of the company’s stock after selling 18,233 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Hilton Worldwide were worth $10,616,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at $33,000. Caitlin John LLC purchased a new stake in shares of Hilton Worldwide in the third quarter valued at $32,000. Ameritas Advisory Services LLC lifted its position in shares of Hilton Worldwide by 110.6% in the third quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock valued at $36,000 after acquiring an additional 73 shares in the last quarter. BOCHK Asset Management Ltd purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at $43,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Hilton Worldwide in the fourth quarter valued at $47,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide Price Performance
Hilton Worldwide stock opened at $333.17 on Tuesday. The stock’s 50-day moving average is $319.01 and its 200-day moving average is $303.20. The company has a market cap of $75.85 billion, a price-to-earnings ratio of 50.87, a price-to-earnings-growth ratio of 2.86 and a beta of 1.06. Hilton Worldwide Holdings Inc. has a 12 month low of $241.45 and a 12 month high of $344.75.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Analyst Ratings Changes
Several brokerages have recently issued reports on HLT. Weiss Ratings upgraded Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. increased their target price on Hilton Worldwide from $350.00 to $363.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Bank of America increased their target price on Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. Jefferies Financial Group reiterated a “buy” rating and set a $339.00 target price on shares of Hilton Worldwide in a research report on Wednesday, February 11th. Finally, UBS Group increased their target price on Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average price target of $348.55.
Check Out Our Latest Analysis 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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