QRG Capital Management Inc. boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,056 shares of the company’s stock after purchasing an additional 1,531 shares during the period. QRG Capital Management Inc.’s holdings in Hilton Worldwide were worth $8,835,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Hilton Worldwide by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock worth $1,852,650,000 after purchasing an additional 31,364 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Hilton Worldwide by 4.7% in the 4th quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock valued at $1,808,143,000 after buying an additional 284,352 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Hilton Worldwide by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock valued at $1,462,778,000 after buying an additional 475,896 shares in the last quarter. Morgan Stanley grew its stake in shares of Hilton Worldwide by 2.0% in the fourth quarter. Morgan Stanley now owns 2,823,631 shares of the company’s stock valued at $811,089,000 after buying an additional 55,228 shares in the last quarter. Finally, Norges Bank acquired a new position in Hilton Worldwide during the fourth quarter worth $803,047,000. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Price Performance
HLT stock opened at $338.80 on Friday. Hilton Worldwide Holdings Inc. has a one year low of $253.54 and a one year high of $358.00. The stock has a market cap of $77.13 billion, a price-to-earnings ratio of 51.72, a price-to-earnings-growth ratio of 2.95 and a beta of 1.05. The company has a fifty day moving average price of $331.51 and a two-hundred day moving average price of $314.05.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s payout ratio is currently 9.16%.
Wall Street Analysts Forecast Growth
HLT has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of Hilton Worldwide from $325.00 to $345.00 and gave the company a “market perform” rating in a research note on Thursday, April 23rd. UBS Group boosted their price objective on shares of Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley raised their target price on shares of Hilton Worldwide from $318.00 to $319.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Mizuho lifted their price target on Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Finally, Macquarie Infrastructure boosted their price target on Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Hilton Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $349.45.
Check Out Our Latest Research Report on Hilton Worldwide
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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