MASTERINVEST Kapitalanlage GmbH lowered its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 66.1% during the 1st quarter, HoldingsChannel reports. The fund owned 3,433 shares of the company’s stock after selling 6,704 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in Hilton Worldwide were worth $1,044,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Hilton Worldwide during the 4th quarter valued at about $803,047,000. Two Sigma Investments LP lifted its stake in Hilton Worldwide by 1,222.9% in the third quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock worth $212,998,000 after purchasing an additional 758,930 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Hilton Worldwide by 126.3% during the second quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock valued at $303,173,000 after buying an additional 635,220 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Hilton Worldwide by 10.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock valued at $1,462,778,000 after buying an additional 475,896 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Hilton Worldwide by 522.1% during the first quarter. Assenagon Asset Management S.A. now owns 530,727 shares of the company’s stock valued at $161,383,000 after buying an additional 445,414 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.
Hilton Worldwide Price Performance
Shares of HLT stock opened at $328.55 on Thursday. The stock’s 50-day moving average is $332.78 and its 200 day moving average is $316.61. Hilton Worldwide Holdings Inc. has a 1-year low of $253.54 and a 1-year high of $358.00. The company has a market cap of $74.79 billion, a P/E ratio of 50.16, a PEG ratio of 2.84 and a beta of 1.05.
Hilton Worldwide Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 22nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend 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 presently 9.16%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on HLT. Barclays raised their price target on Hilton Worldwide from $363.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Macquarie Infrastructure upped their price objective on Hilton Worldwide from $296.00 to $320.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group lifted their target price on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their target price on shares of Hilton Worldwide from $373.00 to $376.00 and gave the company an “overweight” rating in a research note on Tuesday, April 14th. Finally, Mizuho upped their price target on shares of Hilton Worldwide from $321.00 to $326.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $349.45.
View 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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