Sterling Capital Management LLC lessened its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 20.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,215 shares of the company’s stock after selling 2,677 shares during the quarter. Sterling Capital Management LLC’s holdings in Hilton Worldwide were worth $3,106,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position 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 purchasing an additional 7,339 shares in the last quarter. Allstate Corp grew its stake 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 buying an additional 8,348 shares during the last quarter. Cumberland Partners Ltd grew 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 buying an additional 7,500 shares during the last quarter. Fulton Breakefield Broenniman LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth approximately $7,032,000. Finally, Holocene Advisors LP raised its stake in shares of Hilton Worldwide by 17.0% in the third quarter. Holocene Advisors LP now owns 1,795,659 shares of the company’s stock valued at $465,866,000 after acquiring an additional 261,097 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Shares of NYSE:HLT opened at $333.60 on Monday. The stock has a market cap of $75.94 billion, a price-to-earnings ratio of 50.93, a P/E/G ratio of 2.90 and a beta of 1.05. The company has a 50 day moving average of $331.80 and a 200-day moving average of $312.21. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $358.00.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.16%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on HLT shares. BMO Capital Markets boosted their target price on Hilton Worldwide from $325.00 to $345.00 and gave the stock a “market perform” rating in a report on Thursday, April 23rd. 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 report on Tuesday, May 12th. 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 report on Tuesday, April 21st. Argus raised their target price on Hilton Worldwide from $380.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Finally, Bank of America upped their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus price target of $349.45.
View 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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