California Public Employees Retirement System grew its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 11.1% during the first quarter, HoldingsChannel reports. The fund owned 450,500 shares of the company’s stock after purchasing an additional 45,110 shares during the period. California Public Employees Retirement System’s holdings in Hilton Worldwide were worth $136,988,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. acquired a new position in Hilton Worldwide in the fourth quarter valued at approximately $26,000. ST Germain D J Co. Inc. acquired a new stake in Hilton Worldwide during the fourth quarter worth approximately $33,000. Avalon Trust Co purchased a new stake in shares of Hilton Worldwide during the 1st quarter worth approximately $45,000. BOCHK Asset Management Ltd purchased a new stake in shares of Hilton Worldwide during the 4th quarter worth approximately $43,000. Finally, MV Capital Management Inc. acquired a new position in shares of Hilton Worldwide in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
HLT stock opened at $322.23 on Friday. The company has a market cap of $73.36 billion, a price-to-earnings ratio of 49.20, a price-to-earnings-growth ratio of 2.80 and a beta of 1.05. The company has a fifty day moving average price of $332.95 and a 200 day moving average price of $316.86. Hilton Worldwide Holdings Inc. has a 12 month low of $253.54 and a 12 month high of $358.00.
Hilton Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.16%.
Analysts Set New Price Targets
Several equities research analysts recently commented on HLT shares. Evercore lifted their price target on shares of Hilton Worldwide from $335.00 to $350.00 in a research note on Friday, April 24th. Barclays upped their price objective on shares of Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. HSBC raised their price objective on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. The Goldman Sachs Group boosted their target price on Hilton Worldwide from $354.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Macquarie Infrastructure upped their target price on Hilton Worldwide from $296.00 to $320.00 and gave the company 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 assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $350.18.
Read Our Latest 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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