Natixis Advisors LLC cut its holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 249,225 shares of the company’s stock after selling 3,006 shares during the period. Natixis Advisors LLC’s holdings in Hilton Worldwide were worth $71,590,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Hilton Worldwide by 0.6% in the third quarter. Vanguard Group Inc. now owns 25,463,196 shares of the company’s stock worth $6,606,172,000 after acquiring an additional 151,984 shares during the period. JPMorgan Chase & Co. raised its position in Hilton Worldwide by 12.6% in the third quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock worth $2,620,531,000 after acquiring an additional 1,132,880 shares during the period. Geode Capital Management LLC raised its position in Hilton Worldwide by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock worth $1,852,650,000 after acquiring an additional 31,364 shares during the period. Franklin Resources Inc. raised its position in Hilton Worldwide by 10.4% in the third quarter. Franklin Resources Inc. now owns 6,010,313 shares of the company’s stock worth $1,559,316,000 after acquiring an additional 567,651 shares during the period. Finally, Norges Bank bought a new position in Hilton Worldwide in the fourth quarter worth approximately $803,047,000. 95.90% of the stock is currently owned by institutional investors.
Hilton Worldwide Price Performance
Shares of HLT stock opened at $332.82 on Wednesday. The company has a market capitalization of $75.77 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 2.90 and a beta of 1.04. Hilton Worldwide Holdings Inc. has a one year low of $241.45 and a one year high of $344.75. The company’s fifty day moving average price is $319.01 and its 200-day moving average price is $303.20.
Hilton Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s payout ratio is currently 9.16%.
Analyst Ratings Changes
Several research firms have weighed in on HLT. Morgan Stanley increased their price target on shares of Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Mizuho raised their price objective on shares of Hilton Worldwide from $321.00 to $326.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Wells Fargo & Company raised their price objective on shares of Hilton Worldwide from $373.00 to $376.00 and gave the company an “overweight” rating in a research report on Tuesday, April 14th. The Goldman Sachs Group raised their price objective on shares of Hilton Worldwide from $354.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, BMO Capital Markets raised their price objective on shares of Hilton Worldwide from $325.00 to $345.00 and gave the company a “market perform” rating in a research report on Thursday, April 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $348.55.
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.
Further Reading
- Five stocks we like better than Hilton Worldwide
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear CaseāIs a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
