Kestra Private Wealth Services LLC raised its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report) by 41.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,868 shares of the company’s stock after buying an additional 2,896 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Hilton Worldwide were worth $3,001,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of HLT. Geode Capital Management LLC boosted its stake in Hilton Worldwide by 0.5% during the 4th 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 during the period. Franklin Resources Inc. grew its position in Hilton Worldwide by 4.7% in the 4th quarter. Franklin Resources Inc. now owns 6,294,665 shares of the company’s stock worth $1,808,143,000 after purchasing an additional 284,352 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Hilton Worldwide by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,092,347 shares of the company’s stock valued at $1,462,778,000 after purchasing an additional 475,896 shares during the period. Morgan Stanley raised 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 valued at $811,089,000 after buying an additional 55,228 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Hilton Worldwide during the fourth quarter worth approximately $803,047,000. Institutional investors own 95.90% of the company’s stock.
Hilton Worldwide Stock Performance
Hilton Worldwide stock opened at $333.60 on Friday. The firm has a market cap of $75.94 billion, a price-to-earnings ratio of 50.93, a price-to-earnings-growth ratio of 2.90 and a beta of 1.04. Hilton Worldwide Holdings Inc. has a 1 year low of $253.54 and a 1 year high of $358.00. The firm’s 50 day moving average price is $331.80 and its two-hundred day moving average price is $311.92.
Hilton Worldwide Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 22nd will be issued 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 of this dividend is Friday, May 22nd. Hilton Worldwide’s dividend payout ratio is currently 9.16%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Susquehanna raised their target price on Hilton Worldwide from $345.00 to $353.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. HSBC boosted their price target on Hilton Worldwide from $353.00 to $387.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Barclays raised their price target on Hilton Worldwide from $363.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. TD Cowen lifted their price objective on shares of Hilton Worldwide from $350.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets upped their price objective on shares of Hilton Worldwide from $325.00 to $345.00 and gave the stock a “market perform” rating in a report on Thursday, April 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.45.
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.
Read More
- Five stocks we like better than Hilton Worldwide
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
Want to see what other hedge funds are holding HLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hilton Worldwide Holdings Inc. (NYSE:HLT – Free Report).
Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.
