Cumberland Partners Ltd trimmed its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 46.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,000 shares of the company’s stock after selling 7,000 shares during the period. Cumberland Partners Ltd’s holdings in Hilton Worldwide were worth $2,433,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of HLT. Bridgewater Advisors Inc. acquired a new stake in Hilton Worldwide in the 1st quarter valued at about $255,000. Pennington Partners & CO. LLC acquired a new position in shares of Hilton Worldwide during the first quarter worth approximately $219,000. Compound Planning Inc. grew its stake in shares of Hilton Worldwide by 22.6% during the first quarter. Compound Planning Inc. now owns 3,234 shares of the company’s stock valued at $983,000 after purchasing an additional 597 shares during the last quarter. Volterra Technologies LP bought a new stake in shares of Hilton Worldwide during the first quarter valued at approximately $393,000. Finally, Sei Investments Co. increased its holdings in shares of Hilton Worldwide by 14.9% in the first quarter. Sei Investments Co. now owns 638,021 shares of the company’s stock valued at $194,009,000 after purchasing an additional 82,782 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
HLT stock opened at $325.12 on Friday. The stock has a market capitalization of $74.01 billion, a P/E ratio of 49.64, a P/E/G ratio of 2.71 and a beta of 1.05. Hilton Worldwide Holdings Inc. has a fifty-two week low of $253.54 and a fifty-two week high of $358.00. The business has a 50-day moving average of $333.81 and a 200-day moving average of $318.02.
Hilton Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were paid a $0.15 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. Hilton Worldwide’s dividend payout ratio is 9.16%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Rothschild & Co Redburn boosted their target price on Hilton Worldwide from $320.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group raised their price target on Hilton Worldwide from $354.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Evercore raised Hilton Worldwide from an “in-line” rating to an “outperform” rating in a report on Tuesday. Sanford C. Bernstein cut their target price on shares of Hilton Worldwide from $322.00 to $320.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Finally, Bank of America raised their target price on shares of Hilton Worldwide from $324.00 to $375.00 in a research note on Monday, April 27th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $350.36.
Hilton Worldwide Company 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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