Jefferies Financial Group Inc. reduced its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 55.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,949 shares of the company’s stock after selling 7,426 shares during the period. Jefferies Financial Group Inc.’s holdings in Hilton Worldwide were worth $1,709,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Hilton Worldwide by 10.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,287 shares of the company’s stock worth $10,971,000 after acquiring an additional 4,155 shares in the last quarter. National Pension Service raised its position in shares of Hilton Worldwide by 1.6% in the 3rd quarter. National Pension Service now owns 623,180 shares of the company’s stock worth $161,678,000 after acquiring an additional 9,954 shares in the last quarter. Candriam S.C.A. raised its position in shares of Hilton Worldwide by 11.2% in the 3rd quarter. Candriam S.C.A. now owns 73,823 shares of the company’s stock worth $19,153,000 after acquiring an additional 7,441 shares in the last quarter. Fulton Breakefield Broenniman LLC bought a new position in shares of Hilton Worldwide in the 4th quarter worth $7,032,000. Finally, TD Waterhouse Canada Inc. raised its position in shares of Hilton Worldwide by 99.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 15,526 shares of the company’s stock worth $3,994,000 after acquiring an additional 7,753 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
HLT opened at $336.85 on Thursday. The company’s 50 day simple moving average is $316.93 and its two-hundred day simple moving average is $301.96. Hilton Worldwide Holdings Inc. has a 1-year low of $241.45 and a 1-year high of $344.75. The firm has a market capitalization of $76.68 billion, a price-to-earnings ratio of 51.43, a price-to-earnings-growth ratio of 2.82 and a beta of 1.06.
Hilton Worldwide Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. Hilton Worldwide’s dividend payout ratio is 9.16%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on HLT. Robert W. Baird raised their price target on Hilton Worldwide from $285.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. increased their price objective on shares of Hilton Worldwide from $350.00 to $363.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. BMO Capital Markets increased 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. HSBC increased their price objective on shares of Hilton Worldwide from $353.00 to $387.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Raymond James Financial increased their price objective on shares of Hilton Worldwide from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $348.55.
Get Our Latest Stock Report on Hilton Worldwide
About Hilton Worldwide
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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