TD Asset Management Inc reduced its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,557,533 shares of the company’s stock after selling 58,526 shares during the period. TD Asset Management Inc’s holdings in Hilton Worldwide were worth $447,401,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its position in Hilton Worldwide by 17.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,626 shares of the company’s stock worth $14,255,000 after purchasing an additional 7,339 shares during the last quarter. Candriam S.C.A. increased its position in Hilton Worldwide by 11.2% during the third quarter. Candriam S.C.A. now owns 73,823 shares of the company’s stock worth $19,153,000 after purchasing an additional 7,441 shares during the last quarter. Allstate Corp increased its position in Hilton Worldwide by 100.2% during the fourth quarter. Allstate Corp now owns 16,678 shares of the company’s stock worth $4,791,000 after purchasing an additional 8,348 shares during the last quarter. Fulton Breakefield Broenniman LLC acquired a new stake in shares of Hilton Worldwide during the fourth quarter valued at about $7,032,000. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of Hilton Worldwide by 149.8% during the third quarter. Dynamic Technology Lab Private Ltd now owns 18,637 shares of the company’s stock valued at $4,835,000 after acquiring an additional 11,176 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Stock Performance
NYSE HLT opened at $332.19 on Thursday. The firm has a 50 day simple moving average of $320.45 and a 200-day simple moving average of $304.05. Hilton Worldwide Holdings Inc. has a one year low of $241.45 and a one year high of $344.75. The firm has a market cap of $75.62 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 2.90 and a beta of 1.04.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.16%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on HLT shares. 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 report on Friday, May 15th. Raymond James Financial lifted their price target on shares of Hilton Worldwide from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Wells Fargo & Company lifted their price target on shares of Hilton Worldwide from $373.00 to $376.00 and gave the company an “overweight” rating in a research report on Tuesday, April 14th. Bank of America lifted their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. Finally, Evercore lifted their price target on shares of Hilton Worldwide from $335.00 to $350.00 in a research report on Friday, April 24th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $348.55.
Get Our Latest Research Report on HLT
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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