Dynamic Technology Lab Private Ltd lowered its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 73.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,960 shares of the company’s stock after selling 13,677 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Hilton Worldwide were worth $1,425,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Hilton Worldwide by 0.6% during the third quarter. Vanguard Group Inc. now owns 25,463,196 shares of the company’s stock worth $6,606,172,000 after purchasing an additional 151,984 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Hilton Worldwide by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after purchasing an additional 1,132,880 shares during the period. Geode Capital Management LLC increased its stake in shares of Hilton Worldwide by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock worth $1,852,650,000 after purchasing an additional 31,364 shares during the period. Franklin Resources Inc. increased its stake in shares of Hilton Worldwide by 4.7% during the fourth quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock worth $1,808,143,000 after purchasing an additional 284,352 shares during the period. Finally, Norges Bank bought a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $803,047,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of NYSE HLT opened at $346.17 on Friday. Hilton Worldwide Holdings Inc. has a 52 week low of $241.45 and a 52 week high of $349.03. The stock has a market capitalization of $78.81 billion, a P/E ratio of 52.85, a PEG ratio of 2.98 and a beta of 1.04. The stock’s fifty day moving average is $326.16 and its 200 day moving average is $307.40.
Hilton Worldwide Announces Dividend
The firm also recently declared 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%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on HLT shares. UBS Group increased their target price on Hilton Worldwide from $360.00 to $371.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Evercore increased their target price on Hilton Worldwide from $335.00 to $350.00 in a research note on Friday, April 24th. Sanford C. Bernstein lowered their target price on Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a research note on Friday, May 15th. Barclays raised their price objective on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their price objective on Hilton Worldwide from $350.00 to $363.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $348.55.
Get Our Latest Stock Analysis on HLT
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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