Assenagon Asset Management S.A. lessened its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 509,185 shares of the company’s stock after selling 21,542 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Hilton Worldwide were worth $168,265,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Hilton Worldwide by 25.6% in the 1st quarter. NewEdge Advisors LLC now owns 2,284 shares of the company’s stock valued at $520,000 after buying an additional 465 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Hilton Worldwide by 37.4% during the 1st quarter. Empowered Funds LLC now owns 6,135 shares of the company’s stock worth $1,396,000 after buying an additional 1,669 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Hilton Worldwide by 38.8% in the 1st quarter. Woodline Partners LP now owns 20,327 shares of the company’s stock valued at $4,625,000 after acquiring an additional 5,687 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Hilton Worldwide by 112.4% in the 1st quarter. Intech Investment Management LLC now owns 5,478 shares of the company’s stock valued at $1,247,000 after acquiring an additional 2,899 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Hilton Worldwide by 182.2% in the first quarter. Geneos Wealth Management Inc. now owns 333 shares of the company’s stock valued at $76,000 after acquiring an additional 215 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Hilton Worldwide stock opened at $321.92 on Friday. The stock has a 50-day simple moving average of $333.21 and a 200 day simple moving average of $319.68. The stock has a market capitalization of $72.45 billion, a P/E ratio of 47.27, a PEG ratio of 2.76 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, August 21st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, August 21st. Hilton Worldwide’s dividend payout ratio is 8.81%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Mizuho increased their price target on Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. boosted their price target on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group upped their price objective on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. HSBC increased their price objective on Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Evercore upgraded shares of Hilton Worldwide from an “in-line” rating to an “outperform” rating in a report on Tuesday, July 21st. Fourteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average target price of $353.05.
Check Out Our Latest Research Report on Hilton Worldwide
Hilton Worldwide 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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