Westfield Capital Management Co. LP raised its position in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 53.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 357,721 shares of the company’s stock after acquiring an additional 124,003 shares during the period. Westfield Capital Management Co. LP’s holdings in Hilton Worldwide were worth $102,755,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Caitlin John LLC acquired a new stake in shares of Hilton Worldwide during the 3rd quarter worth approximately $32,000. ST Germain D J Co. Inc. bought a new position in Hilton Worldwide in the fourth quarter worth $33,000. Ameritas Advisory Services LLC boosted its stake in Hilton Worldwide by 110.6% during the third quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock worth $36,000 after buying an additional 73 shares in the last quarter. BOCHK Asset Management Ltd acquired a new stake in Hilton Worldwide during the fourth quarter worth $43,000. Finally, Elyxium Wealth LLC bought a new stake in Hilton Worldwide in the 4th quarter valued at $47,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Price Performance
Hilton Worldwide stock opened at $338.63 on Friday. The stock has a fifty day moving average price of $321.24 and a two-hundred day moving average price of $304.54. Hilton Worldwide Holdings Inc. has a 52-week low of $241.45 and a 52-week high of $344.75. The firm has a market capitalization of $77.09 billion, a P/E ratio of 51.70, a P/E/G ratio of 2.89 and a beta of 1.04.
Hilton Worldwide Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is currently 9.16%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Susquehanna raised their price objective on shares of Hilton Worldwide from $345.00 to $353.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Truist Financial increased their price target on shares of Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. TD Cowen raised their price target on shares of Hilton Worldwide from $350.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings upgraded Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley increased their target price on Hilton Worldwide from $318.00 to $319.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $348.55.
Get Our Latest Stock Analysis on Hilton Worldwide
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.
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