Banque Cantonale Vaudoise grew its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 155.9% during the first quarter, Holdings Channel.com reports. The fund owned 3,826 shares of the company’s stock after acquiring an additional 2,331 shares during the period. Banque Cantonale Vaudoise’s holdings in Hilton Worldwide were worth $1,164,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of Hilton Worldwide by 25.6% in the first quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after buying an additional 465 shares in the last quarter. Empowered Funds LLC lifted its stake in Hilton Worldwide by 37.4% during 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 lifted its stake in Hilton Worldwide by 38.8% during 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 boosted its holdings in Hilton Worldwide by 112.4% during the 1st quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock valued at $1,247,000 after acquiring an additional 2,899 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Hilton Worldwide by 182.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock valued at $76,000 after acquiring an additional 215 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Stock Down 2.0%
Shares of NYSE:HLT opened at $333.60 on Friday. The firm’s 50 day moving average price is $331.80 and its 200 day moving average price is $311.92. The stock has a market cap of $75.94 billion, a price-to-earnings ratio of 50.93, a price-to-earnings-growth ratio of 2.90 and a beta of 1.04. Hilton Worldwide Holdings Inc. has a fifty-two week low of $253.54 and a fifty-two week high of $358.00.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s payout ratio is currently 9.16%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on HLT. Mizuho increased their price target on shares of Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. lifted their price objective on shares of Hilton Worldwide from $350.00 to $363.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Evercore upped their target price on shares of Hilton Worldwide from $335.00 to $350.00 in a research note on Friday, April 24th. Truist Financial increased their target price on shares of Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein dropped their price target on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a research note on Friday, May 15th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $349.45.
Read Our Latest Stock Analysis 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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