QRG Capital Management Inc. grew its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 5.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,056 shares of the company’s stock after buying an additional 1,531 shares during the period. QRG Capital Management Inc.’s holdings in Hilton Worldwide were worth $8,835,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in HLT. Kemnay Advisory Services Inc. bought a new position in Hilton Worldwide during the fourth quarter worth about $26,000. ST Germain D J Co. Inc. bought a new stake in shares of Hilton Worldwide in the fourth quarter worth about $33,000. BOCHK Asset Management Ltd acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth about $43,000. MV Capital Management Inc. acquired a new stake in shares of Hilton Worldwide during the fourth quarter worth about $43,000. Finally, Elyxium Wealth LLC bought a new position in shares of Hilton Worldwide during the 4th quarter valued at about $47,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of Hilton Worldwide stock opened at $338.80 on Friday. The business’s 50 day simple moving average is $331.51 and its 200 day simple moving average is $314.05. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00. The firm has a market cap of $77.13 billion, a PE ratio of 51.72, a P/E/G ratio of 2.95 and a beta of 1.05.
Hilton Worldwide Announces Dividend
The firm also recently announced 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 was Friday, May 22nd. This represents a $0.60 annualized dividend and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is presently 9.16%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on HLT. Mizuho boosted their price objective on Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Bank of America lifted their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a research note on Monday, April 27th. TD Cowen upped their price target on shares of Hilton Worldwide from $350.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Sanford C. Bernstein lowered 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 research report on Friday, May 15th. Finally, Evercore raised their price objective on shares of Hilton Worldwide from $335.00 to $350.00 in a report on Friday, April 24th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Moderate Buy” and an average price target of $349.45.
View 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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