PNC Financial Services Group Inc. decreased its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 22.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,043 shares of the company’s stock after selling 14,613 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Hilton Worldwide were worth $15,217,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new stake in shares of Hilton Worldwide during the 4th quarter worth $26,000. Wilkerson Advisory Group LLC raised its position in shares of Hilton Worldwide by 163.2% during the first quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock worth $30,000 after purchasing an additional 62 shares during the period. ST Germain D J Co. Inc. purchased a new stake in shares of Hilton Worldwide during the fourth quarter valued at $33,000. Meeder Asset Management Inc. boosted its position in shares of Hilton Worldwide by 70.1% in the 1st quarter. Meeder Asset Management Inc. now owns 114 shares of the company’s stock valued at $35,000 after purchasing an additional 47 shares during the period. Finally, BOCHK Asset Management Ltd purchased a new position in Hilton Worldwide in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of HLT opened at $325.12 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $253.54 and a 52 week high of $358.00. The company has a market capitalization of $74.01 billion, a PE ratio of 49.64, a PEG ratio of 2.75 and a beta of 1.05. The company’s 50 day moving average price is $333.81 and its 200 day moving average price is $318.02.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.16%.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Hilton Worldwide from $319.00 to $332.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Bank of America lifted their target price on shares of Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. HSBC boosted their price target on shares of Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings raised shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, UBS Group lifted their price objective on shares of 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 eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $350.36.
Get Our Latest Report on Hilton Worldwide
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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