Y Intercept Hong Kong Ltd increased its holdings in shares of Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 50.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,163 shares of the company’s stock after buying an additional 15,126 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Hilton Worldwide were worth $12,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caitlin John LLC acquired a new position in Hilton Worldwide in the 3rd quarter valued at $32,000. ST Germain D J Co. Inc. acquired a new position in Hilton Worldwide in the 4th quarter valued at $33,000. Ameritas Advisory Services LLC raised its stake in Hilton Worldwide by 110.6% in the 3rd quarter. Ameritas Advisory Services LLC now owns 139 shares of the company’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. BOCHK Asset Management Ltd acquired a new position in Hilton Worldwide in the 4th quarter valued at $43,000. Finally, Elyxium Wealth LLC acquired a new position in Hilton Worldwide in the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Shares of HLT opened at $346.17 on Friday. The stock has a 50-day simple moving average of $326.16 and a 200-day simple moving average of $307.40. The stock has a market capitalization of $78.81 billion, a PE ratio of 52.85, a PEG ratio of 2.98 and a beta of 1.04. Hilton Worldwide Holdings Inc. has a 1 year low of $241.45 and a 1 year high of $349.03.
Hilton Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 22nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.16%.
Analysts Set New Price Targets
HLT has been the subject of a number of recent research reports. Weiss Ratings raised Hilton Worldwide from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Macquarie Infrastructure raised their target price on Hilton Worldwide from $296.00 to $320.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Truist Financial raised their price objective on Hilton Worldwide from $307.00 to $312.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group raised their price objective on Hilton Worldwide from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, HSBC raised their price objective on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Hilton Worldwide presently has an average rating of “Moderate Buy” and an average target price of $348.55.
Check Out Our Latest Research Report on HLT
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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