PensionDanmark Pensionsforsikringsaktieselskab increased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 12.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,840 shares of the company’s stock after purchasing an additional 4,800 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Hilton Worldwide were worth $14,818,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Hilton Worldwide during the 4th quarter valued at about $803,047,000. Two Sigma Investments LP grew its holdings in shares of Hilton Worldwide by 1,222.9% during the third quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock valued at $212,998,000 after buying an additional 758,930 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Hilton Worldwide by 126.3% during the second quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock valued at $303,173,000 after buying an additional 635,220 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Hilton Worldwide by 10.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock valued at $1,462,778,000 after acquiring an additional 475,896 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Hilton Worldwide by 522.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 530,727 shares of the company’s stock worth $161,383,000 after acquiring an additional 445,414 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Trading Down 1.4%
Shares of HLT stock opened at $317.35 on Friday. Hilton Worldwide Holdings Inc. has a 12-month low of $253.54 and a 12-month high of $358.00. The stock has a market capitalization of $71.43 billion, a P/E ratio of 46.60, a P/E/G ratio of 2.74 and a beta of 1.05. The firm’s 50 day moving average is $333.00 and its 200 day moving average is $319.66.
Hilton Worldwide Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 8.81%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on HLT shares. TD Cowen upped their price objective on Hilton Worldwide from $350.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Hilton Worldwide in a report on Friday, July 24th. BMO Capital Markets boosted their price target on Hilton Worldwide from $325.00 to $345.00 and gave the stock a “market perform” rating in a research note on Thursday, April 23rd. Barclays increased their price objective on Hilton Worldwide from $367.00 to $368.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, HSBC lifted their price objective on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. 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 MarketBeat, Hilton Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.05.
View 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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