Mackenzie Financial Corp lifted its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 25.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 211,829 shares of the company’s stock after acquiring an additional 42,448 shares during the quarter. Mackenzie Financial Corp owned approximately 0.09% of Hilton Worldwide worth $54,957,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in HLT. GLOBALT Investments LLC GA increased its position in Hilton Worldwide by 1.2% in the third quarter. GLOBALT Investments LLC GA now owns 3,277 shares of the company’s stock worth $850,000 after purchasing an additional 38 shares during the period. RMR Wealth Builders lifted its position in Hilton Worldwide by 1.3% during the 3rd quarter. RMR Wealth Builders now owns 2,953 shares of the company’s stock valued at $766,000 after purchasing an additional 39 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Hilton Worldwide by 1.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,555 shares of the company’s stock valued at $680,000 after purchasing an additional 39 shares during the last quarter. State of Wyoming grew its position in shares of Hilton Worldwide by 2.7% during the 2nd quarter. State of Wyoming now owns 1,549 shares of the company’s stock worth $413,000 after buying an additional 40 shares during the period. Finally, Howard Capital Management Inc. grew its position in shares of Hilton Worldwide by 3.0% during the 3rd quarter. Howard Capital Management Inc. now owns 1,453 shares of the company’s stock worth $377,000 after buying an additional 42 shares during the period. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of NYSE HLT opened at $294.26 on Friday. Hilton Worldwide Holdings Inc. has a 52-week low of $196.04 and a 52-week high of $333.86. The stock has a market cap of $67.47 billion, a P/E ratio of 48.08, a P/E/G ratio of 2.58 and a beta of 1.10. The firm has a 50 day moving average price of $304.59 and a 200 day moving average price of $283.60.
Hilton Worldwide Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s payout ratio is currently 9.80%.
Insiders Place Their Bets
In other Hilton Worldwide news, insider Christopher J. Nassetta sold 114,289 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $317.47, for a total value of $36,283,328.83. Following the completion of the transaction, the insider directly owned 36,445 shares of the company’s stock, valued at approximately $11,570,194.15. The trade was a 75.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on HLT shares. BMO Capital Markets increased their price objective on shares of Hilton Worldwide from $320.00 to $325.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Evercore upped their target price on shares of Hilton Worldwide from $325.00 to $335.00 in a research report on Thursday, February 12th. Mizuho increased their price target on Hilton Worldwide from $266.00 to $321.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Barclays raised their price target on Hilton Worldwide from $309.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Rothschild & Co Redburn lifted their price objective on Hilton Worldwide from $255.00 to $320.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.18.
Get Our Latest Stock 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.
Read More
- Five stocks we like better than Hilton Worldwide
- The gold chart Wall Street is terrified of…
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
- Silver paying 20% dividend. Plus 68% share gains
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
