MASTERINVEST Kapitalanlage GmbH decreased its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 28.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,725 shares of the company’s stock after selling 3,441 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in Hilton Worldwide were worth $2,264,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of HLT. Clearstead Trust LLC purchased a new stake in Hilton Worldwide in the 2nd quarter valued at $30,000. Sagard Holdings Management Inc. purchased a new position in shares of Hilton Worldwide during the second quarter worth about $30,000. Bank of Jackson Hole Trust increased its position in Hilton Worldwide by 132.7% in the 2nd quarter. Bank of Jackson Hole Trust now owns 128 shares of the company’s stock valued at $34,000 after acquiring an additional 73 shares during the period. Cullen Frost Bankers Inc. raised its stake in Hilton Worldwide by 59.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 139 shares of the company’s stock valued at $37,000 after acquiring an additional 52 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in Hilton Worldwide during the 3rd quarter worth approximately $38,000. 95.90% of the stock is owned by institutional investors and hedge funds.
Hilton Worldwide Price Performance
Shares of NYSE:HLT opened at $300.30 on Friday. The firm has a market capitalization of $69.80 billion, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 2.54 and a beta of 1.15. The business’s 50 day simple moving average is $280.51 and its 200-day simple moving average is $272.26. Hilton Worldwide Holdings Inc. has a 12 month low of $196.04 and a 12 month high of $303.40.
Hilton Worldwide Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, November 21st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, November 21st. Hilton Worldwide’s dividend payout ratio is presently 8.68%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on HLT. Susquehanna upped their price target on Hilton Worldwide from $245.00 to $255.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group upgraded shares of Hilton Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the stock from $285.00 to $317.00 in a research note on Monday, December 15th. Barclays boosted their price target on shares of Hilton Worldwide from $288.00 to $297.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Sanford C. Bernstein raised their price objective on shares of Hilton Worldwide from $285.00 to $304.00 and gave the company a “market perform” rating in a research report on Tuesday. Finally, Robert W. Baird dropped their target price on Hilton Worldwide from $278.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.50.
View 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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