Prosperity Consulting Group LLC bought a new stake in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,758 shares of the company’s stock, valued at approximately $535,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in Hilton Worldwide by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 6,448,978 shares of the company’s stock valued at $1,852,650,000 after purchasing an additional 31,364 shares in the last quarter. Franklin Resources Inc. raised its position in Hilton Worldwide by 4.7% in the fourth quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock valued at $1,808,143,000 after purchasing an additional 284,352 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Hilton Worldwide by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock worth $1,462,778,000 after buying an additional 475,896 shares during the period. Morgan Stanley lifted its holdings in shares of Hilton Worldwide by 2.0% during the fourth quarter. Morgan Stanley now owns 2,823,631 shares of the company’s stock worth $811,089,000 after purchasing an additional 55,228 shares during the period. Finally, Norges Bank acquired a new position in Hilton Worldwide during the 4th quarter worth about $803,047,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Down 0.3%
NYSE HLT opened at $322.23 on Friday. The firm’s 50-day simple moving average is $332.95 and its two-hundred day simple moving average is $316.86. The company has a market cap of $73.36 billion, a PE ratio of 49.20, a price-to-earnings-growth ratio of 2.80 and a beta of 1.05. 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 disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is 9.16%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on HLT shares. Bank of America boosted their price target on shares of Hilton Worldwide from $324.00 to $375.00 in a research report on Monday, April 27th. UBS Group upped their price target 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 raised their price objective on shares of Hilton Worldwide from $335.00 to $350.00 in a research note on Friday, April 24th. Morgan Stanley raised their target price on Hilton Worldwide from $319.00 to $332.00 and gave the company an “overweight” rating in a report on Friday. Finally, Rothschild & Co Redburn raised their price target on shares of Hilton Worldwide from $320.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $350.18.
View Our Latest Stock Report on Hilton Worldwide
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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