Financiere des Professionnels Fonds d investissement inc. cut its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 78.2% during the 1st quarter, Holdings Channel reports. The fund owned 8,433 shares of the company’s stock after selling 30,275 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Hilton Worldwide were worth $2,564,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of Hilton Worldwide by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock valued at $1,852,650,000 after purchasing an additional 31,364 shares during the period. Franklin Resources Inc. grew its stake 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 period. Price T Rowe Associates Inc. MD grew its stake in shares of 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 valued at $1,462,778,000 after buying an additional 475,896 shares during the period. Morgan Stanley increased its position in Hilton Worldwide by 2.0% in the 4th 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 4th quarter worth approximately $803,047,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
HLT stock opened at $322.89 on Friday. The business has a 50-day simple moving average of $332.83 and a two-hundred day simple moving average of $316.82. The company has a market capitalization of $73.51 billion, a P/E ratio of 49.30, a price-to-earnings-growth ratio of 2.87 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00.
Hilton Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is presently 9.16%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Argus increased their price target on Hilton Worldwide from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Susquehanna upped their target price on Hilton Worldwide from $345.00 to $353.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. HSBC increased their target price on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. 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, Weiss Ratings upgraded shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average price target of $349.59.
Check Out Our Latest Stock Analysis 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.
Further Reading
- Five stocks we like better than Hilton Worldwide
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
