Janus Henderson Group PLC lessened its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,800,400 shares of the company’s stock after selling 226,480 shares during the quarter. Janus Henderson Group PLC’s holdings in Hilton Worldwide were worth $501,253,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HLT. Norges Bank purchased a new position in Hilton Worldwide in the 4th quarter worth approximately $803,047,000. Two Sigma Investments LP boosted its holdings in Hilton Worldwide by 1,222.9% in the 3rd quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock worth $212,998,000 after acquiring an additional 758,930 shares during the period. Raymond James Financial Inc. boosted its holdings in Hilton Worldwide by 126.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock worth $303,173,000 after acquiring an additional 635,220 shares during the period. Franklin Resources Inc. boosted its holdings in Hilton Worldwide by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after acquiring an additional 567,651 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Hilton Worldwide by 10.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock worth $1,462,778,000 after acquiring an additional 475,896 shares during the period. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Down 0.1%
Hilton Worldwide stock opened at $349.72 on Thursday. The stock has a 50 day moving average of $328.76 and a 200-day moving average of $308.98. Hilton Worldwide Holdings Inc. has a 52 week low of $243.53 and a 52 week high of $358.00. The stock has a market cap of $79.61 billion, a P/E ratio of 53.39, a price-to-earnings-growth ratio of 3.06 and a beta of 1.04.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Wall Street Analyst Weigh In
Several research firms have recently commented on HLT. HSBC increased their target price on Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. UBS Group increased their target price on Hilton Worldwide from $360.00 to $371.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Evercore increased their target price on Hilton Worldwide from $335.00 to $350.00 in a research note on Friday, April 24th. Bank of America increased their target price on Hilton Worldwide from $324.00 to $375.00 in a research note on Monday, April 27th. Finally, Sanford C. Bernstein reduced their target price on 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 investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $349.45.
Check Out Our Latest 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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