Rakuten Investment Management Inc. raised its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 986.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,693 shares of the company’s stock after acquiring an additional 27,868 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Hilton Worldwide were worth $8,973,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. L2 Asset Management LLC lifted its holdings in shares of Hilton Worldwide by 6.0% during the 4th quarter. L2 Asset Management LLC now owns 1,149 shares of the company’s stock valued at $330,000 after buying an additional 65 shares during the period. Cynosure Group LLC bought a new position in shares of Hilton Worldwide during the 4th quarter valued at $487,000. 71 West Capital Partners bought a new position in shares of Hilton Worldwide during the 4th quarter valued at $295,000. Silvant Capital Management LLC lifted its holdings in shares of Hilton Worldwide by 1.6% during the 4th quarter. Silvant Capital Management LLC now owns 37,991 shares of the company’s stock valued at $10,913,000 after buying an additional 609 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Hilton Worldwide by 8.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 32,142 shares of the company’s stock valued at $9,233,000 after buying an additional 2,572 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Worldwide Stock Performance
Shares of Hilton Worldwide stock opened at $350.56 on Wednesday. Hilton Worldwide Holdings Inc. has a one year low of $243.53 and a one year high of $352.08. The stock has a market cap of $79.80 billion, a P/E ratio of 53.52, a P/E/G ratio of 3.03 and a beta of 1.04. The stock’s fifty day moving average is $327.91 and its 200 day moving average is $308.53.
Hilton Worldwide Announces Dividend
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 dividend on an annualized basis 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 Analysts Forecast Growth
Several equities analysts have recently weighed in on HLT shares. BMO Capital Markets increased their price target on Hilton Worldwide from $325.00 to $345.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. Morgan Stanley raised their target price on Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Macquarie Infrastructure raised their target price on Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Susquehanna raised their target price on Hilton Worldwide from $345.00 to $353.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Barclays raised their target price on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $349.45.
Check Out Our Latest Stock Report on Hilton Worldwide
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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