Groupama Asset Managment cut its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 47.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,804 shares of the company’s stock after selling 6,077 shares during the period. Groupama Asset Managment’s holdings in Hilton Worldwide were worth $1,536,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fiduciary Trust Co boosted its position in shares of Hilton Worldwide by 0.5% during the fourth quarter. Fiduciary Trust Co now owns 7,323 shares of the company’s stock worth $1,810,000 after buying an additional 38 shares during the period. Apollon Wealth Management LLC boosted its position in shares of Hilton Worldwide by 2.9% during the first quarter. Apollon Wealth Management LLC now owns 1,542 shares of the company’s stock worth $351,000 after buying an additional 44 shares during the period. First Bank & Trust boosted its position in shares of Hilton Worldwide by 0.5% during the first quarter. First Bank & Trust now owns 10,439 shares of the company’s stock worth $2,375,000 after buying an additional 48 shares during the period. CoreCap Advisors LLC boosted its position in shares of Hilton Worldwide by 6.1% during the fourth quarter. CoreCap Advisors LLC now owns 890 shares of the company’s stock worth $220,000 after buying an additional 51 shares during the period. Finally, Catalyst Financial Partners LLC boosted its position in shares of Hilton Worldwide by 5.8% during the first quarter. Catalyst Financial Partners LLC now owns 961 shares of the company’s stock worth $219,000 after buying an additional 53 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
NYSE HLT opened at $269.9940 on Thursday. The stock has a market capitalization of $63.50 billion, a P/E ratio of 41.47, a P/E/G ratio of 2.68 and a beta of 1.26. Hilton Worldwide Holdings Inc. has a 1 year low of $196.04 and a 1 year high of $279.46. The business’s fifty day moving average is $265.42 and its two-hundred day moving average is $249.20.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is currently 9.22%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Barclays reduced their price objective on Hilton Worldwide from $296.00 to $291.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Jefferies Financial Group upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and upped their target price for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Raymond James Financial upped their target price on Hilton Worldwide from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Evercore ISI cut their target price on Hilton Worldwide from $275.00 to $245.00 and set an “in-line” rating for the company in a research report on Wednesday, April 23rd. Finally, Dbs Bank upgraded Hilton Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus target price of $264.40.
Get Our Latest Stock Report on HLT
About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.
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