Westfield Capital Management Co. LP boosted its stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 53.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 357,721 shares of the company’s stock after buying an additional 124,003 shares during the period. Westfield Capital Management Co. LP owned about 0.15% of Hilton Worldwide worth $102,755,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Hilton Worldwide by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 25,463,196 shares of the company’s stock worth $6,606,172,000 after acquiring an additional 151,984 shares during the period. JPMorgan Chase & Co. boosted its position in Hilton Worldwide by 12.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after acquiring an additional 1,132,880 shares during the period. Geode Capital Management LLC boosted its position in 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 acquiring an additional 31,364 shares during the period. Franklin Resources Inc. boosted its position in Hilton Worldwide by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after acquiring an additional 567,651 shares during the period. Finally, Norges Bank acquired a new stake in Hilton Worldwide during the 4th quarter worth about $803,047,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Stock Up 2.2%
NYSE:HLT opened at $338.63 on Friday. Hilton Worldwide Holdings Inc. has a 12 month low of $241.45 and a 12 month high of $344.75. The firm has a market cap of $77.09 billion, a price-to-earnings ratio of 51.70, a P/E/G ratio of 2.89 and a beta of 1.04. The company’s 50 day moving average is $321.24 and its 200-day moving average is $304.54.
Hilton Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be paid a $0.15 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.16%.
Analyst Ratings Changes
Several brokerages have recently issued reports on HLT. Barclays lifted their price target on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Rothschild & Co Redburn lifted their target price on shares of Hilton Worldwide from $320.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. BMO Capital Markets lifted their price objective 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. Sanford C. Bernstein decreased their price objective on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a report on Friday, May 15th. Finally, The Goldman Sachs Group boosted their price target on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $348.55.
Check Out Our Latest Stock Report on HLT
About Hilton Worldwide
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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