Greenspring Advisors LLC purchased a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 4th quarter, Holdings Channel reports. The fund purchased 2,018 shares of the company’s stock, valued at approximately $580,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in HLT. NewEdge Advisors LLC increased its position in shares of Hilton Worldwide by 25.6% during the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after purchasing an additional 465 shares during the last quarter. Empowered Funds LLC increased its holdings in Hilton Worldwide by 37.4% in the 1st quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock worth $1,396,000 after acquiring an additional 1,669 shares in the last quarter. Woodline Partners LP increased its holdings in Hilton Worldwide by 38.8% in the 1st quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock worth $4,625,000 after acquiring an additional 5,687 shares in the last quarter. Intech Investment Management LLC increased its holdings in Hilton Worldwide by 112.4% in the 1st quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock worth $1,247,000 after acquiring an additional 2,899 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Hilton Worldwide by 182.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock worth $76,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
HLT stock opened at $338.63 on Friday. Hilton Worldwide Holdings Inc. has a 1-year low of $241.45 and a 1-year high of $344.75. The company has a market capitalization of $77.09 billion, a price-to-earnings ratio of 51.70, a PEG ratio of 2.89 and a beta of 1.04. The business has a 50 day simple moving average of $321.24 and a two-hundred day simple moving average of $304.54.
Hilton Worldwide Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is presently 9.16%.
Wall Street Analyst Weigh In
HLT has been the subject of several analyst reports. HSBC increased their target price on shares of Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Jefferies Financial Group reissued a “buy” rating and issued a $339.00 target price on shares of Hilton Worldwide in a report on Wednesday, February 11th. Barclays increased their target price on shares of Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Macquarie Infrastructure increased their target price on shares of Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings raised shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $348.55.
Get Our Latest Research Report on Hilton Worldwide
Hilton Worldwide Company 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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