EFG Asset Management Americas Corp. raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 50.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 9,781 shares of the company’s stock after purchasing an additional 3,268 shares during the period. EFG Asset Management Americas Corp.’s holdings in Hilton Worldwide were worth $2,538,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Hilton Worldwide by 10.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,287 shares of the company’s stock worth $10,971,000 after purchasing an additional 4,155 shares during the period. Railway Pension Investments Ltd lifted its stake in Hilton Worldwide by 15.0% in the third quarter. Railway Pension Investments Ltd now owns 38,400 shares of the company’s stock valued at $9,962,000 after buying an additional 5,000 shares during the period. Candriam S.C.A. boosted its holdings in shares of Hilton Worldwide by 11.2% during the 3rd quarter. Candriam S.C.A. now owns 73,823 shares of the company’s stock worth $19,153,000 after buying an additional 7,441 shares in the last quarter. National Pension Service increased its stake in shares of Hilton Worldwide by 1.6% in the 3rd quarter. National Pension Service now owns 623,180 shares of the company’s stock valued at $161,678,000 after acquiring an additional 9,954 shares in the last quarter. Finally, Partners Capital Investment Group LLP bought a new stake in shares of Hilton Worldwide in the 3rd quarter valued at $4,684,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Trading Down 1.0%
Hilton Worldwide stock opened at $291.26 on Friday. The firm’s fifty day moving average price is $304.57 and its two-hundred day moving average price is $283.77. The firm has a market capitalization of $66.78 billion, a price-to-earnings ratio of 47.59, a price-to-earnings-growth ratio of 2.53 and a beta of 1.10. Hilton Worldwide Holdings Inc. has a 1-year low of $196.04 and a 1-year high of $333.86.
Hilton Worldwide Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th 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, February 27th. Hilton Worldwide’s dividend payout ratio (DPR) is currently 9.80%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on HLT shares. Jefferies Financial Group reissued a “buy” rating and set a $339.00 target price on shares of Hilton Worldwide in a research note on Wednesday, February 11th. Rothschild & Co Redburn upped their price objective on shares of Hilton Worldwide from $255.00 to $320.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Sanford C. Bernstein raised their target price on Hilton Worldwide from $304.00 to $322.00 in a research note on Wednesday, February 25th. TD Cowen boosted their target price on Hilton Worldwide from $297.00 to $330.00 in a research report on Tuesday, February 3rd. Finally, Raymond James Financial raised their price objective on Hilton Worldwide from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.18.
Get Our Latest Analysis on HLT
Insider Activity
In related news, insider Christopher J. Nassetta sold 114,289 shares of Hilton Worldwide stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $317.47, for a total transaction of $36,283,328.83. Following the transaction, the insider owned 36,445 shares of the company’s stock, valued at $11,570,194.15. The trade was a 75.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by insiders.
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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