PNC Financial Services Group Inc. increased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,319 shares of the company’s stock after acquiring an additional 2,857 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Hilton Worldwide were worth $16,428,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Hilton Worldwide by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 25,311,212 shares of the company’s stock valued at $6,741,388,000 after purchasing an additional 196,126 shares during the period. State Street Corp lifted its holdings in shares of Hilton Worldwide by 0.9% during the second quarter. State Street Corp now owns 9,595,709 shares of the company’s stock valued at $2,555,721,000 after acquiring an additional 86,689 shares during the period. Geode Capital Management LLC grew its holdings in shares of Hilton Worldwide by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 6,281,842 shares of the company’s stock worth $1,666,246,000 after purchasing an additional 172,121 shares during the last quarter. Franklin Resources Inc. boosted its position in Hilton Worldwide by 4.0% in the second quarter. Franklin Resources Inc. now owns 5,442,662 shares of the company’s stock valued at $1,449,599,000 after buying an additional 208,708 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Hilton Worldwide by 2.6% in the 3rd quarter. Jennison Associates LLC now owns 4,750,891 shares of the company’s stock valued at $1,232,571,000 after purchasing an additional 119,172 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
Shares of NYSE HLT opened at $317.42 on Wednesday. The firm has a 50 day moving average price of $298.00 and a 200 day moving average price of $279.00. The stock has a market cap of $72.78 billion, a P/E ratio of 51.87, a P/E/G ratio of 2.68 and a beta of 1.13. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $333.86.
Hilton Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a $0.15 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is currently 9.80%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Sanford C. Bernstein boosted their target price on shares of Hilton Worldwide from $285.00 to $304.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. Wells Fargo & Company raised their price target on Hilton Worldwide from $338.00 to $373.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. BMO Capital Markets boosted their price objective on Hilton Worldwide from $275.00 to $320.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Evercore raised their target price on shares of Hilton Worldwide from $325.00 to $335.00 in a research note on Thursday, February 12th. Finally, Argus boosted their price target on shares of Hilton Worldwide from $350.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and an average target price of $321.00.
Get Our Latest Stock Report on Hilton Worldwide
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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