Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the 1st quarter, HoldingsChannel reports. The fund acquired 31,729 shares of the company’s stock, valued at approximately $9,648,000.
Other hedge funds have also recently made changes to their positions in the company. Kemnay Advisory Services Inc. bought a new position in Hilton Worldwide during the 4th quarter valued at $26,000. Wilkerson Advisory Group LLC raised its stake in Hilton Worldwide by 163.2% in the 1st quarter. Wilkerson Advisory Group LLC now owns 100 shares of the company’s stock valued at $30,000 after acquiring an additional 62 shares during the period. ST Germain D J Co. Inc. purchased a new position in Hilton Worldwide in the 4th quarter valued at approximately $33,000. Meeder Asset Management Inc. lifted its holdings in Hilton Worldwide by 70.1% during the 1st quarter. Meeder Asset Management Inc. now owns 114 shares of the company’s stock worth $35,000 after purchasing an additional 47 shares in the last quarter. Finally, BOCHK Asset Management Ltd purchased a new position in Hilton Worldwide during the fourth quarter valued at approximately $43,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Stock Performance
Shares of HLT opened at $323.41 on Wednesday. The stock has a market capitalization of $73.62 billion, a PE ratio of 49.38, a P/E/G ratio of 2.82 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a fifty-two week low of $253.54 and a fifty-two week high of $358.00. The company’s fifty day moving average is $333.29 and its 200 day moving average is $317.52.
Hilton Worldwide Announces Dividend
The firm also recently disclosed 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. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.16%.
Analyst Upgrades and Downgrades
HLT has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Evercore upgraded Hilton Worldwide from an “in-line” rating to an “outperform” rating in a research report on Tuesday. TD Cowen upped their price target on Hilton Worldwide from $350.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. BMO Capital Markets boosted their price objective on shares of Hilton Worldwide from $325.00 to $345.00 and gave the stock a “market perform” rating in a report on Thursday, April 23rd. Finally, Argus lifted their price objective on Hilton Worldwide from $380.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Fourteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $350.36.
View Our Latest Analysis on Hilton Worldwide
Hilton Worldwide News Roundup
Here are the key news stories impacting Hilton Worldwide this week:
- Positive Sentiment: JPMorgan raised Hilton’s price target to $365 from $363 and kept an overweight rating, signaling confidence in further upside. Benzinga report on JPMorgan price target increase
- Positive Sentiment: Barclays also increased its price target to $367 from $365 and maintained an overweight rating, reinforcing bullish analyst sentiment. Benzinga report on Barclays price target increase
- Positive Sentiment: Evercore ISI said Hilton is expected to outperform in the hotel sector, another sign that analysts see the company as a relative winner in lodging. Evercore ISI expects Hilton to outperform in the hotel sector
- Positive Sentiment: Zacks highlighted Hilton’s strong earnings surprise history and suggested the company has the ingredients to beat estimates again in its next report, which could support the stock if results come in ahead of expectations. Zacks article on Hilton beating estimates again
- Positive Sentiment: Another Zacks preview said Wall Street expects earnings growth when Hilton reports next week, keeping investor focus on a potentially favorable earnings release. Zacks article on upcoming earnings growth expectations
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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