Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 136,871 shares of the company’s stock, valued at approximately $45,230,000. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Hilton Worldwide at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allstate Corp grew its holdings in shares of Hilton Worldwide by 100.2% during the 4th quarter. Allstate Corp now owns 16,678 shares of the company’s stock valued at $4,791,000 after acquiring an additional 8,348 shares in the last quarter. Cumberland Partners Ltd raised its holdings in shares of Hilton Worldwide by 100.0% during the fourth quarter. Cumberland Partners Ltd now owns 15,000 shares of the company’s stock worth $4,309,000 after acquiring an additional 7,500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Hilton Worldwide by 4.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 491,309 shares of the company’s stock valued at $143,944,000 after purchasing an additional 22,249 shares during the last quarter. Amundi grew its stake in Hilton Worldwide by 4.0% in the first quarter. Amundi now owns 1,338,426 shares of the company’s stock valued at $406,989,000 after purchasing an additional 51,767 shares in the last quarter. Finally, Applied Finance Capital Management LLC grew its stake in Hilton Worldwide by 96.7% in the fourth quarter. Applied Finance Capital Management LLC now owns 10,282 shares of the company’s stock valued at $2,954,000 after purchasing an additional 5,055 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
HLT opened at $330.20 on Tuesday. The company has a market cap of $74.32 billion, a PE ratio of 48.49, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The stock has a 50-day moving average of $329.72 and a 200-day moving average of $321.90. Hilton Worldwide Holdings Inc. has a 52-week low of $253.54 and a 52-week high of $358.00.
Hilton Worldwide Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, August 21st will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio (DPR) is currently 8.81%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on HLT shares. Morgan Stanley raised their price target on Hilton Worldwide from $319.00 to $332.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Barclays boosted their price target on Hilton Worldwide from $367.00 to $368.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein cut their price objective 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. Weiss Ratings upgraded shares of Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Hilton Worldwide from a “hold” rating to a “buy” rating and set a $365.00 target price for the company in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Hilton Worldwide has an average rating of “Moderate Buy” and a consensus price target of $353.82.
Read Our Latest Analysis on HLT
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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