Meadowbrook Advisors Group LLC acquired a new stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,720 shares of the company’s stock, valued at approximately $494,000.
Other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Hilton Worldwide by 17.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,626 shares of the company’s stock worth $14,255,000 after buying an additional 7,339 shares in the last quarter. Allstate Corp lifted its stake in shares of Hilton Worldwide by 100.2% during the fourth quarter. Allstate Corp now owns 16,678 shares of the company’s stock valued at $4,791,000 after buying an additional 8,348 shares during the period. Fulton Breakefield Broenniman LLC purchased a new position in shares of Hilton Worldwide during the fourth quarter valued at approximately $7,032,000. Cumberland Partners Ltd boosted its position in Hilton Worldwide by 100.0% during the fourth quarter. Cumberland Partners Ltd now owns 15,000 shares of the company’s stock worth $4,309,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Holocene Advisors LP grew its stake in Hilton Worldwide by 17.0% in the 3rd quarter. Holocene Advisors LP now owns 1,795,659 shares of the company’s stock worth $465,866,000 after acquiring an additional 261,097 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Stock Up 0.1%
Shares of HLT opened at $349.10 on Friday. Hilton Worldwide Holdings Inc. has a fifty-two week low of $243.53 and a fifty-two week high of $358.00. The company’s fifty day moving average is $330.34 and its two-hundred day moving average is $309.71. The firm has a market cap of $79.47 billion, a PE ratio of 53.30, a price-to-earnings-growth ratio of 3.04 and a beta of 1.04.
Hilton Worldwide Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Analysts Set New Price Targets
A number of research analysts have weighed in on HLT shares. Morgan Stanley increased their price target on Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Sanford C. Bernstein lowered their price objective on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating for the company in a research report on Friday, May 15th. Weiss Ratings upgraded Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Susquehanna increased 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. Finally, Argus lifted their price target on Hilton Worldwide from $380.00 to $400.00 and gave the company a “buy” rating in a report on Monday, June 15th. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.45.
Check Out Our Latest Stock Analysis 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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