Argent Capital Management LLC raised its position in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 91.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,151 shares of the company’s stock after acquiring an additional 6,283 shares during the period. Argent Capital Management LLC’s holdings in Hilton Worldwide were worth $3,778,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Hilton Worldwide in the 2nd quarter worth about $676,201,000. JPMorgan Chase & Co. boosted its position in shares of Hilton Worldwide by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 10,100,718 shares of the company’s stock valued at $2,620,531,000 after buying an additional 1,132,880 shares during the period. Two Sigma Investments LP grew its stake in shares of Hilton Worldwide by 1,222.9% during the third quarter. Two Sigma Investments LP now owns 820,991 shares of the company’s stock valued at $212,998,000 after buying an additional 758,930 shares during the last quarter. Winslow Capital Management LLC raised its holdings in shares of Hilton Worldwide by 62.6% in the second quarter. Winslow Capital Management LLC now owns 1,894,315 shares of the company’s stock worth $504,532,000 after buying an additional 729,295 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Hilton Worldwide by 126.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,138,294 shares of the company’s stock worth $303,173,000 after acquiring an additional 635,220 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Trading Up 1.2%
Shares of NYSE:HLT opened at $298.15 on Friday. The company has a market capitalization of $68.36 billion, a PE ratio of 48.72, a P/E/G ratio of 2.56 and a beta of 1.10. Hilton Worldwide Holdings Inc. has a 12-month low of $196.04 and a 12-month high of $333.86. The business’s fifty day simple moving average is $304.96 and its 200-day simple moving average is $284.31.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, February 27th. Hilton Worldwide’s payout ratio is 9.80%.
Analyst Ratings Changes
Several brokerages have commented on HLT. Rothschild & Co Redburn upped their price objective on Hilton Worldwide from $255.00 to $320.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. UBS Group boosted their target price on shares of Hilton Worldwide from $312.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. The Goldman Sachs Group upped their price target on shares of Hilton Worldwide from $317.00 to $330.00 in a report on Tuesday, February 3rd. Robert W. Baird lifted their price objective on shares of Hilton Worldwide from $285.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, Morgan Stanley lowered their price objective on shares of Hilton Worldwide from $306.00 to $303.00 and set an “overweight” rating for the company in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.18.
Insider Buying and Selling
In related news, insider Christopher J. Nassetta sold 114,289 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $317.47, for a total transaction of $36,283,328.83. Following the completion of the sale, the insider owned 36,445 shares of the company’s stock, valued at $11,570,194.15. This represents a 75.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.60% of the stock is owned by insiders.
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
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